Andy Talks Real Estate ~ November 10 2023

SALES INCREASED to 219 this week, up 15% , while new listings dropped 10% to 631 . The average sale price came in about 10% below the original list price , showing buyers are still negotiating even as activity begins to improve

SURREY, BC – The Fraser Valley market showed early signs of a spring thaw in February, with sales increasing over January, but continuing to trail typical levels for this time of year. The Fraser Valley Real Estate Board recorded 843 sales on its Multiple Listing Service® (MLS®) in February, a 36 per cent increase from January, but 38 per cent below the ten-year seasonal average. New listings declined nine per cent in February to 2,796, suggesting some sellers are choosing to wait amid competitive inventory levels, and may be positioning their homes for the peak of the spring market.