Here are 5 things you should know about the real estate market in the Fraser Valley for October 2015:
- Supply: We had 4,344 properties listed thru the month of October which is down -42.5% from this time last year (October 2014) and down -10.9% from last month (September 2015).
If we look into those stats further.... we have 2.1 months of inventory for detached houses and 3.6 months of inventory for attached homes.
- Demand: 1,546 properties sold in October which is up +20.2% from this time last year (October 2014) and up +3% from last month (September 2015).
- Time: The average time for a detached house to sell was 15.7 days. For attached homes (condos, townhouses and 1/2 duplexes) it was 27.6 days.
- Prices: The average price of…
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