Fraser Valley’s decade-high inventory could open doors for buyers

In the Fraser Valley market, growing inventory and stable prices may create opportunities for buyers this winter. Newly listed homes surged 167% from December to January, reaching 3,432, with active listings at a 10-year high of 7,251. Sales slowed, with 818 properties sold in January, down 18% from December. The sales-to-active listings ratio at 11% indicates a buyer's market. Benchmark prices remained stable, with single-family homes at $1,482,400, townhomes at $826,000, and apartments at $534,600.