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๐ก October Real Estate Market Update with MYBConsulting In this monthly update, I’m joined by Jeanette Martin from MYBConsulting to discuss the latest trends in the Fraser Valley real estate market. From rising sales to balanced market conditions, we break down what these changes mean for buyers and sellers in the region.
In this update, we cover:
1๏ธโฃ Sales Surge: A 35% jump in October sales, showing increased activity after recent interest rate cuts.
2๏ธโฃ Inventory Trends: New listings may be down 5%, but overall inventory offers more options for buyers.
3๏ธโฃ Balanced Market: With a 15% sales-to-active listings ratio, we see balanced conditions for now.
4๏ธโฃ Price Adjustments: Seven consecutive months of price dips for detached homes, townhomes, and condos.
5๏ธโฃ Special Insights: Jeanette shares unique perspectives on what these trends mean for clients.
๐ฌ We’d love your thoughts! Do you think the market will continue to balance, or is another shift on the horizon? Comment below!
๐ Ready to make your next move?
Use the link below to schedule a time that works for you:
๐ https://calendly.com/andyschildhorn
๐ 778.835.8957
๐ง [email protected]
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Your Langley and Fraser Valley Realtor. ๐ก
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