Welcome to my September newsletter. Here you will find an update on the Fraser Valley real estate market and some important information that all homeowners may want to consider. In this issue:
If you would like more specific information that pertains to your home and your neighbourhood don’t hesitate to reach out. I’m always available for your questions.
- Fraser Valley market update
- How interest rate cuts may affect sales activity
- Fall home maintenance checklist
- Current listings available for sale
If you would like more specific information that pertains to your home and your neighbourhood don’t hesitate to reach out. I’m always available for your questions.
Market Update
Two rate cuts not enough to ignite summer home sales in the Fraser Valley
The Fraser Valley residential resale market slowed again in August, as homebuyers continue to face affordability challenges.
The Fraser Valley Real Estate Board recorded 1,067 sales in August, down by 13 per cent over last month and by 30 per cent over the 10-year seasonal average. August sales were the second slowest seasonally adjusted sales in a decade. Inventory levels in the Fraser Valley dipped slightly in August with active listings at 8,626, down one per cent from July, but 37 per cent higher than August 2023.