Below is my latest update on the average price of a house, townhouse and apartment across the Fraser Valley housing markets of North Delta, South Surrey, Surrey, Langley, Abbotsford and Mission. This table represents market statistics as of March 2024.

Home buyers and sellers may find this table helpful in determining what general market conditions are like in their city. For a more detailed look at neigbhourhood specific stats, please don't hesitate to get in touch with me. I offer a free home evaluation for prospective home sellers.

Housing market statistics for the Fraser Valley were recently released. There were some key highlites worth shining a light on for home buyers and sellers.

March 2024 saw the following:

• Sales were lower than a year earlier by 10%. In fact this was the second lowest number of sales for March in the past decade. Sales were actually 31% below the 10-year average

• With a sales-to-active listings ratio of 23 per cent, overall market conditions remain in seller’s market territory. The market is considered balanced when the ratio is between 12 per cent and 20 per cent.
• The average number of days homes are spending on the market continues to decline, with single-family detached homes spending 27 days on the market, down from 35 days in February, apartments spending 26 days on the market, down from 29 days in February and townhomes moving more quickly at 20 days, down from 28 days on the market in February.
• Overall Benchmark prices edged up again in March, by 1.4 per cent from February and up 4.6 per cent over March 2023.