A Closer Look Into Current Market Trends and Stats

Market Update

January showed signs that things may be turning for the Fraser Valley Real Estate market.  Sales were up for the first time in six months and we also saw the largest month-over-month increase in inventory in five years.  Despite this increase, inventory still poses a problem, as even this slight surge in demand is seemingly outpacing inventory, creating sellers markets for all product types in many neighbourhoods.  In early January this resulted in multiple offers starting to become more common again.  Initially, even with multiples, most offers would have conditions and seldom went over the asking price.  As we progressed through the month though, especially over the last two weeks, we started to see more subject free offers and people going over the asking price.  As we enter the spring market, we expect to see increased consumer confidence as there is more stability with interest rates. Hopefully, we also see a large number of sellers get off the fence, so that inventory can keep pace with this rebounding demand.  With shifts like this in the market comes great opportunity; if you have a well thought out strategy and the right team working for you.  Give us a call to see what that looks like for you.  

Contact The Schreder Brothers now to get started with your next move!

604.530.0231












Contact The Schreder Brothers now to get started with your next move!

604.530.0231