{"id":8622,"date":"2020-06-10T00:28:09","date_gmt":"2020-06-10T00:28:09","guid":{"rendered":"http:\/\/schreders.ca\/?p=8622"},"modified":"2022-11-16T14:05:45","modified_gmt":"2022-11-16T19:05:45","slug":"fraser-valley-real-estate-market-may-2020","status":"publish","type":"post","link":"https:\/\/www.schreders.ca\/blog\/fraser-valley-real-estate-market-may-2020\/","title":{"rendered":"Fraser Valley Real Estate Market May 2020"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">In May, Fraser Valley listings and property sales started to bounce back.<\/h2>\n\n\n\n<h3 class=\"has-text-align-center wp-block-heading\">MAY 2020 MARKET REPORT<\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Fraser Valley Real Estate Report<\/strong><\/h4>\n\n\n\n<p>There is a definite buzz in the Fraser Valley real estate market over the last couple of weeks.&nbsp; <\/p>\n\n\n\n<p>As we have entered phase 2 and covid restrictions are beginning to lift, people are becoming more and more comfortable with getting out and viewing homes.&nbsp; <\/p>\n\n\n\n<p>Realtors adapted quickly with new protocol and safety measures to mitigate risk and ensure that their clients were safe.&nbsp; <\/p>\n\n\n\n<p>The continued lack of inventory is resulting in buyers having to compete for quality homes.&nbsp; <\/p>\n\n\n\n<p class=\"has-text-color has-background has-text-align-center has-vivid-red-color has-very-light-gray-background-color\"><a href=\"https:\/\/schreders.ca\/langley-city\/\">See Listed Properties For Sale in Langley BC<\/a><\/p>\n\n\n\n<p>We expect this to continue as more and more buyers get off the shelf and inventory remains low.&nbsp;&nbsp;<\/p>\n\n\n\n<p><strong>If you are considering selling, buying or just have questions about the market<\/strong>, please give us a call today and <a href=\"https:\/\/schreders.ca\/contact\/\">let\u2019s chat<\/a>.<\/p>\n\n\n\n<p class=\"has-text-color has-background has-text-align-center has-medium-font-size has-vivid-red-color has-very-light-gray-background-color\"><strong><a href=\"https:\/\/schreders.ca\/blog\/fraser-valley-real-estate-market-april-2020\">GO TO LAST MONTHS STATS<\/a><\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"1294\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2020\/06\/Fraser-Valley-Market-MAY-2020.png\" alt=\"\" class=\"wp-image-8623\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/Fraser-Valley-Market-MAY-2020.png 1000w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/Fraser-Valley-Market-MAY-2020-232x300.png 232w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/Fraser-Valley-Market-MAY-2020-791x1024.png 791w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/Fraser-Valley-Market-MAY-2020-768x994.png 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/figure><\/div>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p style=\"background-color:#8f060b;color:#ffffff\" class=\"has-text-color has-background has-text-align-center has-large-font-size\">All Fraser Valley Areas Combined <\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Detached<\/strong> &#8211; SALES UP FROM LAST MONTH: 9.0%<\/li><li><strong>Townhouse<\/strong> &#8211; SALES  UP FROM LAST MONTH: 11.5% <\/li><li><strong>Condo\/Apt<\/strong> &#8211; SALES  UP FROM LAST MONTH: 27.3% <\/li><\/ul>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/schreders.ca\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-All-Areas-Combined.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1222\" height=\"193\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-All-Areas-Combined.png\" alt=\"\" class=\"wp-image-8624\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-All-Areas-Combined.png 1222w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-All-Areas-Combined-300x47.png 300w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-All-Areas-Combined-1024x162.png 1024w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-All-Areas-Combined-768x121.png 768w\" sizes=\"auto, (max-width: 1222px) 100vw, 1222px\" \/><\/a><\/figure><\/div>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p style=\"background-color:#8f060b;color:#ffffff\" class=\"has-text-color has-background has-text-align-center has-large-font-size\">Abbotsford<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Detached<\/strong> &#8211; SALES  UP FROM LAST MONTH: 34.1%<\/li><li><strong>Townhouse<\/strong> &#8211; SALES UP FROM LAST MONTH: 6.5% <\/li><li><strong>Condo\/Apt<\/strong> &#8211; SALES UP FROM LAST MONTH: 15.6%  <\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/schreders.ca\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-abbotsford.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1219\" height=\"198\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-abbotsford.png\" alt=\"\" class=\"wp-image-8625\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-abbotsford.png 1219w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-abbotsford-300x49.png 300w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-abbotsford-1024x166.png 1024w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-abbotsford-768x125.png 768w\" sizes=\"auto, (max-width: 1219px) 100vw, 1219px\" \/><\/a><\/figure>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p style=\"background-color:#8f060b;color:#ffffff\" class=\"has-text-color has-background has-text-align-center has-large-font-size\">Mission<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Detached<\/strong> &#8211; SALES DOWN FROM LAST MONTH:  -21.4%<\/li><li><strong>Townhouse<\/strong> &#8211; SALES UP FROM LAST MONTH:  33.3% <\/li><li><strong>Condo\/Apt<\/strong> &#8211; SALES  UP FROM LAST MONTH:   50.0% <\/li><\/ul>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/schreders.ca\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-mission.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1219\" height=\"187\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-mission.png\" alt=\"\" class=\"wp-image-8626\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-mission.png 1219w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-mission-300x46.png 300w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-mission-1024x157.png 1024w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-mission-768x118.png 768w\" sizes=\"auto, (max-width: 1219px) 100vw, 1219px\" \/><\/a><\/figure><\/div>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p style=\"background-color:#8f060b;color:#ffffff\" class=\"has-text-color has-background has-text-align-center has-large-font-size\">White Rock \/ South Surrey<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Detached<\/strong> &#8211; SALES UP FROM LAST MONTH:  11.1% <\/li><li><strong>Townhouse <\/strong>&#8211; SALES UP FROM LAST MONTH:  17.1%  <\/li><li><strong>Condo\/Apt<\/strong> &#8211; SALES  DOWN FROM LAST MONTH:  -3.1%   <\/li><\/ul>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/schreders.ca\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-white-rock-south-surrey.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1216\" height=\"186\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-white-rock-south-surrey.png\" alt=\"\" class=\"wp-image-8628\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-white-rock-south-surrey.png 1216w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-white-rock-south-surrey-300x46.png 300w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-white-rock-south-surrey-1024x157.png 1024w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-white-rock-south-surrey-768x117.png 768w\" sizes=\"auto, (max-width: 1216px) 100vw, 1216px\" \/><\/a><\/figure><\/div>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p style=\"background-color:#8f060b;color:#ffffff\" class=\"has-text-color has-background has-text-align-center has-large-font-size\">Langley<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Detached <\/strong>&#8211; SALES  UP FROM LAST MONTH:  51.3% <\/li><li><strong>Townhouse <\/strong>&#8211; SALES UP  FROM LAST MONTH:  15.6% <\/li><li><strong>Condo\/Apt<\/strong> &#8211; SALES  UP FROM LAST MONTH:  56.3% <\/li><\/ul>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/schreders.ca\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-Langley.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1216\" height=\"182\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-Langley.png\" alt=\"\" class=\"wp-image-8629\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-Langley.png 1216w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-Langley-300x45.png 300w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-Langley-1024x153.png 1024w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-Langley-768x115.png 768w\" sizes=\"auto, (max-width: 1216px) 100vw, 1216px\" \/><\/a><\/figure><\/div>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p style=\"background-color:#8f060b;color:#ffffff\" class=\"has-text-color has-background has-text-align-center has-large-font-size\">Delta \u2013 North<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Detached <\/strong>&#8211; SALES  DOWN FROM LAST MONTH:  -22.2% <\/li><li><strong>Townhouse <\/strong>&#8211; SALES  UP FROM LAST MONTH:  100% <\/li><li><strong>Condo\/Apt<\/strong> &#8211; SALES UP  FROM LAST MONTH: 400% <\/li><\/ul>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/schreders.ca\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-Delta-North.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1220\" height=\"186\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-Delta-North.png\" alt=\"\" class=\"wp-image-8627\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-Delta-North.png 1220w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-Delta-North-300x46.png 300w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-Delta-North-1024x156.png 1024w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-Delta-North-768x117.png 768w\" sizes=\"auto, (max-width: 1220px) 100vw, 1220px\" \/><\/a><\/figure><\/div>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p style=\"background-color:#8f060b;color:#ffffff\" class=\"has-text-color has-background has-text-align-center has-large-font-size\">Surrey \u2013 Central<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Detached <\/strong>&#8211; SALES  DOWN FROM LAST MONTH:  -22.6% <\/li><li><strong>Townhouse<\/strong> &#8211; SALES UP FROM LAST MONTH:  9.5% <\/li><li><strong>Condo\/Apt<\/strong> &#8211; SALES FROM LAST MONTH:  0.0% <\/li><\/ul>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/schreders.ca\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-Surrey-Central.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1219\" height=\"182\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-Surrey-Central.png\" alt=\"\" class=\"wp-image-8630\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-Surrey-Central.png 1219w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-Surrey-Central-300x45.png 300w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-Surrey-Central-1024x153.png 1024w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-Surrey-Central-768x115.png 768w\" sizes=\"auto, (max-width: 1219px) 100vw, 1219px\" \/><\/a><\/figure><\/div>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p style=\"background-color:#8f060b;color:#ffffff\" class=\"has-text-color has-background has-text-align-center has-large-font-size\">Surrey \u2013 Cloverdale<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Detached<\/strong> &#8211; SALES  UP  FROM LAST MONTH:  22.7% <\/li><li><strong>Townhouse <\/strong>&#8211; SALES  DOWN FROM LAST MONTH:  -22.6% <\/li><li><strong>Condo\/Apt<\/strong> &#8211; SALES DOWN FROM LAST MONTH:  -30.0% <\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/schreders.ca\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-Surrey-Cloverdale.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1219\" height=\"180\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-Surrey-Cloverdale.png\" alt=\"\" class=\"wp-image-8631\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-Surrey-Cloverdale.png 1219w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-Surrey-Cloverdale-300x44.png 300w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-Surrey-Cloverdale-1024x151.png 1024w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-Surrey-Cloverdale-768x113.png 768w\" sizes=\"auto, (max-width: 1219px) 100vw, 1219px\" \/><\/a><\/figure>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p style=\"background-color:#8f060b;color:#ffffff\" class=\"has-text-color has-background has-text-align-center has-large-font-size\">Surrey \u2013 North<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Detached <\/strong>&#8211; SALES  UP FROM LAST MONTH:  10.3% <\/li><li><strong>Townhouse <\/strong>&#8211; SALES  UP FROM LAST MONTH:  72.7% <\/li><li><strong>Condo\/Apt<\/strong> &#8211; SALES  UP FROM LAST MONTH:  53.1% <\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/schreders.ca\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-Surrey-North.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1220\" height=\"187\" src=\"https:\/\/schreders.ca\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-Surrey-North.png\" alt=\"\" class=\"wp-image-8632\" srcset=\"https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-Surrey-North.png 1220w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-Surrey-North-300x46.png 300w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-Surrey-North-1024x157.png 1024w, https:\/\/www.schreders.ca\/blog\/wp-content\/uploads\/2020\/06\/May-2020-MLS\u00ae-Summary-Fraser-Valley-BC-Surrey-North-768x118.png 768w\" sizes=\"auto, (max-width: 1220px) 100vw, 1220px\" \/><\/a><\/figure>\n\n\n\n<p style=\"background-color:#8f060b;color:#ffffff\" class=\"has-text-color has-background has-text-align-center has-large-font-size\"> What Does The Fraser Valley Real Estate Board Have To Say?  <\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Housing market activity picks up in the Fraser Valley as buyers and sellers adapt to the new environment<\/h1>\n\n\n\n<p><strong>SURREY, BC \u2013<\/strong>&nbsp;In May, Fraser Valley listings and property sales started to bounce back as REALTORS\u00ae helped their clients adjust to the new, necessary safety measures required to buy and sell a home during the provincial state of emergency due to COVID-19.<\/p>\n\n\n\n<p>The Fraser Valley Real Estate Board (FVREB) processed a total of 805 sales on its Multiple Listing Service\u00ae (MLS\u00ae) in May, an increase of 17 per cent compared to sales in April and a decrease of 47 per cent compared to the 1,517 sales during May of last year.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>Chris Shields, President of the Board, observes, \u201cThis is an encouraging sign. Real estate is an essential service and it\u2019s one of the most important economic drivers in BC\u2019s economy.<\/p><p>\u201cRealtors and consumers deserve to be congratulated. It\u2019s not easy to adapt quickly to physical distancing, virtual tools and strict personal safety protocols and yet we\u2019re seeing more and more transactions happening daily as we all get more comfortable and confident with the new normal.\u201d<\/p><\/blockquote>\n\n\n\n<p>The Fraser Valley Board received 2,207 new listings in May, a 56 per cent increase compared to April\u2019s intake of 1,416 new listings and a 38 per cent decrease compared to May of last year. May finished with 6,454 active listings, an increase of 8 per cent compared to April\u2019s inventory and a decrease of 24 per cent year-over-year.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>Shields adds, \u201cAlthough our overall numbers remain significantly lower than seasonal norms, it\u2019s to be expected. The market is resilient and as all of us continue to work together responsibly for the betterment of public safety, it will continue to improve.<\/p><p>\u201cIt\u2019s important for buyers to note that prices overall remain stable. We\u2019re not seeing a lot of downward pressure on prices because for many areas there is a shortage of inventory. We\u2019re even seeing multiple offer situations currently where buyers are paying asking price. When supply and demand stay in balance, prices remain relatively firm.\u201d<\/p><\/blockquote>\n\n\n\n<p>In May, the average number of days to sell an apartment was 38; 36 for townhomes and 31 for single family detached.<\/p>\n\n\n\n<p><strong>MLS\u00ae HPI Benchmark Price Activity<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Single Family Detached:<\/strong>&nbsp;At $990,400, the Benchmark price for a&nbsp;<em>single-family detached<\/em>&nbsp;home in the Fraser Valley decreased 0.2 per cent compared to April and, increased 2.7 per cent compared to May 2019.<\/li><li><strong>Townhomes:<\/strong>&nbsp;At $555,000, the Benchmark price for a&nbsp;<em>townhome<\/em>&nbsp;in the Fraser Valley increased 0.4 per cent compared to April and increased 1.8 per cent compared to May 2019.<\/li><li><strong>Apartments:<\/strong>&nbsp;At $433,700, the Benchmark price for&nbsp;<em>apartments\/condos<\/em>&nbsp;in the Fraser Valley decreased 1.0 per cent compared to April and increased 1.0 per cent compared to May 2019.<\/li><\/ul>\n\n\n\n<p>Find the May Statistics Package&nbsp;<a href=\"https:\/\/fvreb.bc.ca\/statistics\/Package202005.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>.<\/p>\n\n\n\n<p><\/p>\n\n\n<hr>\n<h3 style=\"text-align: center;\">Are you a stats geek?<\/h3>\n<h4 style=\"text-align: center;\">Want to see a breakdown of all the numbers yourself? Sign up for a&nbsp;<strong>Full Monthly Statistics Package<\/strong> every month.<\/h4>\n<table style=\"background-color: #8f0509;\" width=\"100%\">\n<tbody>\n<tr>\n<td style=\"width: 100%; text-align: center;\">\n<h2><span style=\"color: #ffffff;\">Get The Full Monthly Statistics Package<\/span><\/h2>\n<p><span style=\"color: #ffffff;\">[contact-form-7 id=&#8221;825&#8243; title=&#8221;Email Form&#8221;]<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>","protected":false},"excerpt":{"rendered":"<p>In May, Fraser Valley listings and property sales started to bounce back. MAY 2020 MARKET REPORT Fraser Valley Real Estate Report There is a definite buzz &hellip;<\/p>\n","protected":false},"author":2,"featured_media":8161,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,64],"tags":[],"class_list":["post-8622","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-post","category-monthly-market-updates"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/posts\/8622","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/comments?post=8622"}],"version-history":[{"count":1,"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/posts\/8622\/revisions"}],"predecessor-version":[{"id":70581,"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/posts\/8622\/revisions\/70581"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/media\/8161"}],"wp:attachment":[{"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/media?parent=8622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/categories?post=8622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.schreders.ca\/blog\/wp-json\/wp\/v2\/tags?post=8622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}