What You Need to Know About the Fraser Valley Real Estate Market
Posted by Tony Cikes on
Summer is almost over and our Real Estate Market is still moving and is active despite it being a time when most people are on holidays ! I have analyzed all of the stats for July and here are some insights to our Fraser Valley Real Estate Market:
- We are in a Seller's market for houses with 25.2% of the homes selling within a month and we are also in a Balanced Market for attached homes with 16.7% of the homes selling within a month.
- Sales are up 10%Â from a year ago
- Inventory is down -4.8% from a year ago.
- The detached housing market has 4.3 months of inventory while our attached market has 5.6 months.
- The average price of a house is $571,985
- The average price of an attached home is $287,676.
If we compare from a year ago (July…
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