Both buyers and sellers taking a wait‐and‐see approach in the Fraser Valley
Last month’s property sales in the Fraser Valley were 29.3 per cent below the 10‐year sales average for June and were the second lowest total for the month since the year 2000. The number of new listings also decreased in June, coming in at 9.6 per cent below the 10‐year average for the number of listings received during that month.
The Fraser Valley Real Estate Board processed 1,306 sales of all property types on its Multiple Listing Service® (MLS®) in June, a 13.9 per cent decrease compared to sales in May 2019, and a 10.1 per cent decrease compared to the 1,452 sales in June of last year.
Darin Germyn, President of the Board, commented, “The Fraser Valley market…