Local Market News

Get all the latest news and market updates here – Fraser Valley housing market statistics and BC real estate market updates.

Fraser Valley housing market signals further settling as sales continue to stall in response to interest rate rises

Posted on Sep 03, 2022

Fraser Valley Housing Market Statistics - August 2022
SURREY, BC – Robust active listings and relative steady sales activity continued to bring balance to the Fraser Valley real estate market in August. The past several months of rising inventory combined with a slowing trend in sales has also seen benchmark prices return to levels not seen since last year.

In August, the Fraser Valley Real Estate Boar...

Read More

Sales slide for fourth straight month as rising interest rates put brakes on Fraser Valley real estate market

Posted on Aug 03, 2022

Fraser Valley Housing Market Statistics July 2022
SURREY, BC – The Fraser Valley real estate market saw sales fall again in July in the face of continued interest rate hikes, as the government struggles to bring inflation under control.

In July, the Fraser Valley Real Estate Board (FVREB) processed 993 sales on its Multiple Listing Service® (MLS®), a decrease of 22.5 per cent from the previous mont...

Read More

Fraser Valley housing market continues to cool amid slower sales, softer prices

Posted on Jul 06, 2022

Fraser Valley Real Estate Board Market Statistics June 2022
SURREY, BC – Overall sales in the Fraser Valley fell for the third straight month as prices for all property types continued to soften, bringing greater balance to the region’s real estate market.

In June, the Board processed 1,281 sales on its Multiple Listing Service® (MLS®), a decrease of 5.8 per cent compared to May and a 43 per cent decrease co...

Read More

Home prices soften as Fraser Valley housing market cools amid lower sales and higher inventory

Posted on Jun 02, 2022

Fraser Valley Housing Market - May 2022 Statistics
SURREY, BC – As property sales continue to fall in the Fraser Valley and active listings continue to grow, the region is edging towards more balanced levels not seen since the pre-pandemic period.

Sales of all property types in May were 1,360, down 16.9 per cent from April’s 1,637; and down 53.9 per cent compared to May of 2021.

MLS Sales May 2022 - Fraser Valley Housing Market Statistics

At the same time, act...

Read More

Fraser Valley sales dip below 10-year average for first time in nearly two years

Posted on May 04, 2022

Fraser Valley Housing Market Statistics April 2022
SURREY, BC – Property sales in the Fraser Valley decreased by over 35 per cent in April 2022 compared to the previous month, and while the figure is still the sixth-highest April on record for the past ten years, it marks the first time monthly sales have fallen below the ten-year average since June 2020.

In April, the Fraser Valley Real Estate Boar...

Read More

Continued growth in new listings a hopeful sign for home buyers in the Fraser Valley

Posted on Apr 05, 2022

Fraser Valley Housing Market Statistics March 2022
SURREY, BC – For the third consecutive month, new listings in the Fraser Valley continued to climb in March giving buyers more to choose from, helping to increase overall active inventory to levels not seen since last July.

Property sales remain robust, as Benchmark prices, the price of a ‘typical’ home, continued to increase month-over-month.

In Mar...

Read More