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MARKET UPDATE AUGUST 2016


Blog by Monica Dabrowski | September 5th, 2016


Fraser Valley Sales Activity Continues to Slow Down in August

MARKET UPDATE: While sales in August remained above the ten-year average for the month historically, the number of transactions processed in the Fraser Valley continued to decrease following this year’s bustling spring. Statistics are gathered based on sales processed through the MLS (Multiple Listing Service). Click on the link below to read the article and view full statistics package from the Fraser Valley Real Estate Board.

"The numbers here aren’t alarming; they’re expected, and what we’re used to seeing around this time. Home buyers should be encouraged that sales have slowed, giving inventory a chance to build back up and competition within the market to cool down," said Board President Charles Wiebe. 

View the full statistics package from the FVREB HERE.
View the full article on the FVREB website HERE.