SURREY, BC – Market conditions are ideal for Fraser Valley home buyers this summer, but the persistent gap between buyers’ and sellers’ price expectations continues to suppress sales.The Fraser Valley Real Estate Board recorded 1,190 sales on its Multiple Listing Service® (MLS®) in July, down half a per cent from June and down three per [...]
Fraser Valley’s decade-high inventory could open doors for buyers
The information below has been updated with the revised HPI Data as of March 20, 2025. SURREY, BC – Growing inventory and stable prices could lead to opportunities for buyers in the Fraser Valley market this winter despite uncertain economic conditions. Newly listed homes jumped 167 per cent from December to January, with 3,432 [...]
Fraser Valley home sales returning to seasonal norms in November after October surge
SURREY, BC – Following a healthy boost in sales in October, Fraser Valley home sales dropped in November as slower seasonal buying trends set in amid balanced market conditions. The Fraser Valley Real Estate Board recorded 1,136 sales in November, down 15 per cent from October, but 28 per cent above November 2023 sales. “Buying [...]
Sluggish sales and rising inventories see Fraser Valley moving toward a buyer’s market
SURREY, BC — With active inventories hitting levels not seen in 10 years and sales 30 per cent below the 10-year average, Fraser Valley real estate is building towards a buyer’s market if sales continue to lag.The Fraser Valley Real Estate Board recorded 982 sales in September, down by eight per cent over August and [...]
Cool summer market persists in Fraser Valley with second slowest July sales in a decade
SURREY, BC – Sluggish seasonally-adjusted sales and a continued rise in inventory has the Fraser Valley market slowly shifting to favour buyers. The Fraser Valley Real Estate Board recorded 1,230 sales in July, down by seven per cent over last month and down by 26 per cent over the 10-year seasonal average. Inventory levels in [...]
Modest increase in April home sales in the Fraser Valley takes lead from cooler spring weather
SURREY, BC – Supply of available homes in the Fraser Valley market continued to build last month, however buyers remained relatively hesitant, leading to a cooler resale market in April. The Fraser Valley Real Estate Board recorded 1,471 transactions on its Multiple Listings Service® (MLS®) in April, up 5 per cent from March, but [...]
Home sales fall for fifth straight month in the Fraser Valley
SURREY, BC – The Fraser Valley real estate market continues to cool heading into the holiday season as buyers and sellers maintain the holding pattern seen over the latter half of this year. The Fraser Valley Real Estate Board recorded 891 transactions on its Multiple Listing Service® (MLS®) in November, a drop of 8 [...]
The 29th annual REALTORS Care® Blanket Drive Begins November 14
SURREY, BC – The REALTORS Care® Blanket Drive will combine its traditional collection and distribution of warm clothes and blankets this year with an online fundraiser for partner charities. The REALTORS Care® Blanket Drive will run from November 14 to 21, 2023. The 29-year-old campaign is a partnership among the Lower Mainland’s three real estate [...]
Fraser Valley market balanced, as demand softens and prices edge lower
SURREY, BC – Continued slowing sales and a healthy rise in new listings in September has brought the Fraser Valley housing market into balance. Three months of declining sales has seen Benchmark prices dip for a second straight month. The Fraser Valley Real Estate Board recorded 1,100 sales on its Multiple Listing Service® (MLS®) [...]
Fraser Valley real estate sales dip in August; prices hold steady
SURREY, BC – A combination of seasonal trends and cautious anticipation of the next rate announcement saw the Fraser Valley real estate market slow in August as sales fell slightly for the second month, after reaching a 15-month high in June. The Fraser Valley Real Estate Board recorded 1,273 sales on its Multiple Listing [...]