More Inventory, Slower Sales Combine To Stabilize Market
The latest FVREB stats out today show a continued slowing of sales and a slight rise in inventory combining to bring greater stability to the Fraser Valley housing market.
• Single Family Detached: At $1,462,000, the Benchmark price decreased 3.4 per cent compared to August 2022 and increased 4.1 per cent compared to September 2021.
• Townhomes: At $822,400, the Benchmark price decreased 2.3 per cent compared to August 2022 and increased 11.6 per cent compared to September 2021.
• Condos: At $530,400 the Benchmark price decreased 2.1 per cent compared to August 2022 and increased 14.5 per cent compared to September 2021
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Tags: Canadian housing market, Canadian real estate, Fraser Valley, FVREB, home buyers, housing costs, housing market, Langley, RE/MAX, real estate, single family homes, Surrey, townhouse, Trevor Miller, White Rock
