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Fraser Valley Market is heating up!

Sales are up and the number of incoming, new listings is down. Fraser Valley Real Estate Board info for the month of June to date shows the number of sales ahead of last year by 17% and ahead of last month by 24%. This, while listing numbers are down by 26% over June last year and by 13% over last month for the same time period.

What does this mean? Well, it's a bit early to tell but it would seem we are in a more balanced market now, as oposed to a Seller's market or Buyer's market. Prices are stabilizing because correctly priced properties are selling quickly. At this point price is still key to attracting a buyer's signature. In other words, if its priced right it will attract offers.

Posted by Len Visser on June 9, 2009
Tags: buyers market real estate market update seller's market
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