Home sales fall for fifth straight month in the Fraser Valley
"As we head into the holiday season, buyers and sellers are busy with other priorities and will likely continue to wait on the side-lines," said Narinder Bains, Chair of the Fraser Valley Real Estate Board, " We anticipate this holding pattern, defined by slow sales and declining new listings, will continue through the winter months until we see some downward movement in interest rates."
"With seasonality and high interest rates continuing to dampen sales activity, we expect to see sales slow further into early 2024," said CEO Baldev Gill. "However, even a slow market can present opportunities, and buyers would be well-advised to work with a knowledgeable, professional REALTOR who can provide expert advice and guidance."
✨Here is a brief overview in various regions 📈📊 To see the stats in more regions contact me at JBaxter@HomelifeBC.com I'd be happy to send you more information!
"As we head into the holiday season, buyers and sellers are busy with other priorities and will likely continue to wait on the side-lines," said Narinder Bains, Chair of the Fraser Valley Real Estate Board, " We anticipate this holding pattern, defined by slow sales and declining new listings, will continue through the winter months until we see some downward movement in interest rates."
"With seasonality and high interest rates continuing to dampen sales activity, we expect to see sales slow further into early 2024," said CEO Baldev Gill. "However, even a slow market can present opportunities, and buyers would be well-advised to work with a knowledgeable, professional REALTOR who can provide expert advice and guidance."
✨Here is a brief overview in various regions 📈📊 To see the stats in more regions contact me at JBaxter@HomelifeBC.com I'd be happy to send you more information!