Did the market slow down or are sales still up in November? Here 5 things to know about the Real Estate Market in the Fraser Valley for the month of November 2015:
- Supply: We had 3,713 properties listed thru the month of November which is down -54.5% from this time last year (November 2014) and down -17.0% from last month (October 2015).
What this means is.... we have 1.7 months of inventory for detached houses and 3.9 months of inventory for attached homes (condos, townhomes and 1/2 duplex).
- Demand: 1,571 properties sold in November which is up +62.1% from this time last year (November 2014) and up +1.6% from last month (October 2015).
- Time: The average time for a detached house to sell was 18.6 days. For attached homes (condos,…
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