Here is the latest quick video update from the Fraser Valley Real Estate Board discussing residential real estate market conditions as of April 2023.
Highlites for the month include the following points:
- Inventory of homes for sale remains relatively limited
- Sales were steady month over month, from March to April
- Prices are firming up due to limited supply and multiple offer situations are reemerging in some cases
- There were 2,478 new listings in April. This was down 32% compared to April 2022.
- Active listings were down 14% in the month, compared to April 2022. This was the lowest level of active listings in 20 years!
- We are firmly in a seller's market with the sales to active listing ratio at 34%
If you are need of more specific expert advice on buying or selling a house, townhome or condo in the Fraser Valley, please contact me today. I would be happy to provide specific advice or information suited to your needs in today's marketplace.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), 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 REBGV, 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 REBGV, the FVREB or the CADREB.