MARKET UPDATE FOR FRASER VALLEY REAL ESTATE
There has been a marginal increase in the inventory as we enter the Spring Market, but not nearly enough to keep pace with the buyer demand, consequently multiple offers are back in play sooner than many expected.
In the South Surrey/White Rock area, the average property was on the market for 53 days in January, the sales ratio was 12%, below 12% is considered a buyers market. For March, the average days on market dropped to 13, the sales ratio jumped to 44%, anything above 20% is considered a sellers market.
Some areas in Fraser Valley and Metro Vancouver have more inventory than others, please get in touch with me anytime to find out which area offers the best selection for your individual needs.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.