Fraser Valley: 47% More Inventory, Still No Rush

Sales ↓ 16% MoM, ↓ 17% YoY to 943 units
New listings ↓ 26% MoM, inventory 47% > 10-yr avg.
Benchmark prices: detached $1.41M, townhomes $779K, condos $497K; all ↓ MoM and YoY
Affordability, economic pressures, and tighter mortgage conditions limit buyer activity
Market remains in buyer's territory.
Sales-to-active listings ratio at 10% in November.