Eye on the Market: May 2023

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, with townhouses especially in high demand. Prices have been trending modestly higher for several straight months now too.

On the bright side, there was a notable increase in the number of new listings and active listings, month-over-month. This may help to somewhat take the pressure off of buyers to move quickly, if they have a greater selection of homes to choose from.

Here is a direct video link

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