Below is a quick video update on the current market conditions in the Fraser Valley residential real estate market. The video is courtesy of the Fraser Valley Real Estate Board.
The market has been heating up this spring. The sales to active ratio listing is still very high at 33% overall, with townhouses especially in high demand at 59%. Prices have been trending modestly higher for several straight months now too. The benchmark HPI has been rising for 5 straight months.
Here is a direct video link or watch below:
Until inventory levels of homes for sale better match the steady demand from buyers, it looks like there may be some degree of upward pressure on prices, for a while yet...
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