Fraser Valley Home Sales π‘π Fall Despite Rate Cut ππ²
π Book a call/meeting at a time convenient to you - https://calendly.com/andyschildhorn
Exciting updates from the Fraser Valley real estate market!
π Despite the recent 25 basis points rate cut by the Bank of Canada, home sales didn't see a boost. Here’s a quick breakdown:
- π Home sales in June dropped 13% from last month and over 30% from last year.
- π‘ Inventory continues to grow, with 8,350 active listings, the highest in five years.
- π² Prices remain relatively flat, but well-priced properties are still selling within three to four weeks.
- π New listings dropped by 9% from May, with a balanced market indicated by a 16% sales-to-active listings ratio.
Full details here: https://tinyurl.com/Fraser-Valley-MarketJune-2024
Got questions? Need advice? Reach out—I'm here to help!
π If you're considering buying or selling, let's discuss your options. Click the link below to book a convenient time to chat.
π 778.835.8957 - https://calendly.com/andyschildhorn
πΊ Subscribe for more real estate insights and updates!
Your Langley and Fraser Valley Realtor.
Thanks for watching, and see you next week!
π Don't forget to subscribe for more weekly real estate tips! π
β¨
