The Fraser Valley Real Estate market in March 2024 saw slower than anticipated sales, with the second lowest recorded sales for a March in a decade. Active listings increased by 11.4% to 6,197, and sales were up by 13% compared to the previous month, February 2024.
Home buyers now have more options as inventory levels in March reached the highest point in the last five years, although some are still waiting on the sidelines to see if prices have bottomed out or are waiting for the financing situation to stabilize before re-entering the market.
Despite the townhouse segment being the most active in the Fraser Valley, their benchmark prices only rose by 1.9% compared to February 2024. In contrast, detached homes saw a 2.1% increase in benchmark prices, while apartments saw a 1.6% increase in benchmark prices compared to March.
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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.