The Fraser Valley Real Estate Board (FVERB) processed more sales as compared to last year as well as March 2014. The growth in sales on Fraser Valley’s Multiple Listing Service (MLS®) outpaced the growth in new inventory in April, propelling the market into solid balanced conditions.
Ray Werger, President of the Board, says, “We did see activity pick up last month with an increase in demand in particular for single family detached homes. “Last month, that ratio for both single family detached homes and townhomes was 21 per cent, meaning for every 100 homes available, 21 sold. That’s a strong, balanced market.”