The real estate market is continuing to be pretty flat throughout Summer, with inventory levels at a high point not seen in years. As a result, home prices have stabilized with only slight declines month to month. Whether the combination of softening prices and better borrowing rates will attract more buyers this fall remains to be seen. Typically, it takes a few months for lower borrowing costs to boost transaction numbers, so we’re still in the early stages of this shift.
Since market conditions can vary widely depending on where you are and the type of property you are looking to buy or sell, please reach out to me at 604-798-3960 if you ever have questions about when it's the right time for you.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), 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 GVR, 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 GVR, the FVREB or the CADREB.
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