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MARKET UPDATE SEPTEMBER 2016


Blog by Monica Dabrowski | October 4th, 2016


Fraser Valley Inventory Reaches Highest Level in 2016 as Sales Settle for Fall Season

MARKET UPDATE: September housing sales in the Fraser Valley continued to slow throughout September, dropping below the ten-year sales average for the month for the first time this year. 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.

"What we’re experiencing is an environment where the summer sizzle has ceased, and demand is producing numbers in-line with what we’ve seen historically. It seems dramatic, as would anything else that wasn’t the incredible, continuous uptick we’ve seen for the last eighteen months," said Board President Charles Wiebe.

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