For the third straight month, home sales in the Fraser Valley surpassed 2018 levels bringing the market back in line with long-term averages. The market’s return to balance is good news for both buyers and sellers, however its important to put the 30 per cent year over year increase in sales into context. September’s sales went through amongst the worst in 10 years to just above the 10 year average.
“Home prices are still dropping compared to a year ago, but on a month-to-month basis, prices are moderating because supply is shrinking. Our incoming supply of new listings has dropped consistently for the last four months pushing our total inventory in the Fraser Valley to the lowest it’s been since April, which has had impact on prices”
Financing is still a challenge for many clients, but fortunately in a balanced market like this, Realtors have the time to work with clients and advise them on the best strategies for them, buying or selling!
Brought to you by:
Dave, Cindy, Amanda and Kimberly Walker
22 Year Emerald Master Medallion Winners
HomeLife Benchmark Realty
1 1920 152 Street, South Surrey, B.C. V4N 4N6
604-889-5004 or info@WalkerRealEstate.ca
Cindy and Kimberly Walker
Dominion Lending Centres
604-889-5004 or info@@WalkerRealEstate.ca