'A Turning Point': Fraser Valley Housing Market Builds Momentum

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New data from the Fraser Valley Real Estate Board shows that, like clockwork, as spring is building momentum, so too is Fraser Valley's housing market. FVREB | realestate realestatenews housingmarket FraserValley

1:34 PM Apr 4, 2023

Those new listings bring the total number of active listings now to 4,530, up 2.8% from the 4,406 total last month. Once more, that measure is still below this time last year and the 10-year average. A sales-to-active-listings ratio below 12% is typically viewed as a buyers’ market, while a ratio over 20% is viewed as favouring sellers, with anything in between an indicator of healthy balance.

“As in all regions across the province and the country, low supply is still an issue and a primary factor driving price growth,” FVREB says.

 

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