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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

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