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Local Market News

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

Spring inventory continues to build in the Fraser Valley to levels not seen in nearly five years

Posted on Jun 04, 2024

Fraser Valley Housing Market Statistics May 2024
SURREY, BC – Slower seasonal sales helped build inventory to its highest level since September 2019 in the Fraser Valley in May, creating more balanced market conditions for home buyers and sellers. The increase in supply over the past several months has further contributed to a softening of price growth, which is good news for buyers.

Fraser Valley Housing Market Statistics May 2024 - MLS Sales

Active listin...

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Modest increase in April home sales in the Fraser Valley takes lead from cooler spring weather

Posted on May 02, 2024

Fraser Valley Housing Market Statistics April 2024
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 off by 5 per cent c...

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March home sales growth off last month’s pace, but supply still building in the Fraser Valley

Posted on Apr 04, 2024

Fraser Valley Housing Market Statistics March 2024
SURREY, BC –Home buyers in the Fraser Valley have more choice heading into the spring market with inventory levels for March at the highest they’ve been in the past five years.

However, March sales were slower than anticipated with 1,395 transactions recorded on the Fraser Valley Real Estate Board’s Multiple Listings Service® (MLS®), a 13 per cent i...

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Sales, listings continue to pick up heading into spring

Posted on Mar 05, 2024

Fraser Valley Housing Market Statistics February 2024
SURREY, BC – Home sales in the Fraser Valley posted a second consecutive bump in February as new listings continue to rise and trend slightly above the 10-year seasonal average.

The Fraser Valley Real Estate Board recorded 1,235 transactions on its Multiple Listing Service® (MLS®) in February, a 32 per cent increase over January but still 21 per cen...

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Signs of stability in Fraser Valley housing market

Posted on Feb 03, 2024

Fraser Valley Housing Market Statistics January 2024
SURREY, BC – The Fraser Valley real estate market showed signs of recovery in January as home sales rose after six consecutive months of decline, and new listings more than doubled.

The Fraser Valley Real Estate Board recorded 938 transactions on its Multiple Listing Service® (MLS®) in January, a 12 per cent increase over December and below the 10-y...

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Fraser Valley closes out 2023 with lowest annual sales recorded in 10 years

Posted on Jan 05, 2024

Fraser Valley Housing Market Statistics December 2023
SURREY, BC – High interest rates kept a lid on sales and listings in the Fraser Valley in 2023, while holding year-over-year price growth to low single digits.

The Fraser Valley region ended the year with 14,713 sales recorded on its Multiple Listing Service® (MLS®), a decline of four per cent over 2022 and 23 per cent below the 10-year average. New...

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