Markets Returning to Normal Levels !!!

An increase in sales and a decrease in new listings last month resulted in Fraser Valley’s real estate market returning to typical activity levels for October – on par with that month’s 10-year average.

Ron Todson, President of the Fraser Valley Real Estate Board, says “What we’re witnessing is a return to a balanced residential market indicated by prices remaining unchanged or down slightly compared to a year ago, stable inventory levels and the average length of time to sell a home is about two months.” 

We have quite a range; some markets with less than 10 per cent of inventory selling and others where more than 25 per cent of the housing stock will sell in one month. If you want to know what’s happening with your local market and how it would affect the selling price of your home, talk to your REALTOR®.

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Dinesh Kapoor

Dinesh Kapoor

REALTORĀ®
CENTURY 21 Coastal Realty Ltd.
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