Fraser Valley’s housing market ‘steady as she goes’
July, 04 2012 09:56:06 am, by FVREB
Categories: Statistics
Categories: Statistics
For the fifth consecutive month, the ratio of property sales in the Fraser Valley compared to the number of listings on the market has remained stable. In June, it was 14 per cent – the same as it was in February and April of this year. In March and May of 2012, it was 15 per cent.
Scott Olson, President of the Fraser Valley Real Estate Board explains, “Our market last month remained consistent. Our sales were down compared to May, however the number of new listings we received dropped as well, which seasonally is typical for June in the Fraser Valley.”
Last month, the Board posted 1,463 sales, a decrease of 9 per cent compared to May and 8 per cent fewer than the 1,588 sales processed on the Board’s Multiple Listing Service...
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