Although sales are remaining high, home buyers are still facing one of the worst housing supply shortages in history. In fact our housing stock levels have not been this low since the early 80's.
To put this in perspective, for every 100 Townhomes on the market in August, 94 were sold.
The total active listings across the Fraser Valley board have dropped by 44.9% compared to August last year, however, total home sales are still up 2.4% compared to August 2020. This leaves us with insufficient supply to meet our growing population.
This leaves the market condition still heavily favouring the seller. If inventory stays this low than it looks like September will still be a strong sellers market.
If you have any questions about listing your home or if you would like a free, no-commitment evaluation please feel free to call or text me anytime at 604-798-3960
Ben Truscott Real Estate Report - August 2021
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.
Comments:
Post Your Comment: