Eye on the Market: January 2024

The Fraser Valley Real Estate Board is out with it's latest video update on the housing market below. Here are the key takeaways.

  • sales are on the move up in January as are new listings
  • signs of stability are returning to the market with mortgage rates largely having flattened out
  • sales in January 2024 were 12% higher than in December and 50% higher than a year prior
  • New listings were up more than 20% compared to January of 2023
  • Active listings of 4,877 are up 18% year over year
  • The overall sales to listing ratio was 19% just pushing up against a seller's market but still indicating a balanced market

Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), 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 GVR, 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 GVR, the FVREB or the CADREB.