A Closer Look Into Current Market Trends and Stats

The real estate market in the Fraser Valley is continuing to shift in favor of buyers, with more homes available and prices holding steady. After several months of slower activity, sales picked up slightly in February as buyers took advantage of increased selection and more negotiating power. While the market remains softer than this time last year, conditions are becoming more favorable for those looking to enter or move within the market. Inventory remains high, giving buyers plenty of options and reducing the urgency often felt in a competitive market. Well-priced homes are still attracting interest, but sellers are needing to be more strategic and patient as buyers take their time making decisions. Detached homes, in particular, are seeing increased flexibility in pricing and negotiations, creating opportunities for those looking to upsize. While homes are still selling, they’re spending a bit more time on the market, allowing buyers to explore their options without the pressure of making rushed decisions. This shift means that sellers need to be realistic with pricing and expectations to attract the right buyers. With market conditions leaning toward buyers, now could be a great time to start planning your next move. Whether you’re considering buying or selling, we would be happy to discuss the best strategy to help you achieve your goals in today’s evolving market. Feel free to reach out anytime!