Fraser Valley Buyers Benefit From Increased Home Choices

Slide 1:
Fraser Valley home prices dropped for the sixth straight month, with the benchmark now at $926,300.

Slide 2:
Prices are down 5.4% year-over-year, but buyer confidence is slowly returning as sales rose 3%.

Slide 3:
New listings jumped 23% in September to 3,447, pushing inventory to a decade-high of 10,583 homes.

Slide 4:
With a sales-to-active listings ratio of 9%, the Fraser Valley remains a clear buyer’s market.

Slide 5:
Homes now take about 37 to 39 days to sell across property types in the region.