What you need to know about the Real Estate for the 2nd Quarter in the Fraser Valley
Posted by Tony Cikes on
It's Summer and the 2nd quarter of the year is done. The weather is hot just like our Real Estate Market!
I have analyzed all of the stats for June as well as the 2nd Quarter and here are some insights to our market right here in the Fraser Valley:
- We have entered a Seller's market for houses with 27% of the homes selling within a month and we are in a Balanced Market for attached homes with 17% of the homes selling within a month.
- Sales are up 18.2% from a year ago
- Inventory is down -1.7% from a year ago.
- The detached housing market has 4.0 months of inventory while our attached market has 6.4 months.
- The average price of a house is $568,77.
- The average price of an attached home is $300,100.
If we compare from the start…
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