May Real Estate Market Snapshot Archives - Fifth Avenue REM mediaiqdigital tracking pixel

June 2024 – Fraser Valley Real Estate Market Snapshot

Summertime Blues The month of June witnessed the first decrease in interest rates in over three years. Despite this favorable economic indicator, there was still a noticeable dip in sales activity and average prices for both single-family homes and townhouses. Surprisingly, the condo sector defied this trend, showing an increase in average value both month-to-month […]

May 2024 – Fraser Valley Real Estate Market Snapshot

May Anticipation In May, many people were waiting to see what would happen with interest rates in early June. This anticipation led to a drop in overall sales absorptions, which were down 11 to 17 percent compared to May 2023. While multi-family product sales decreased moderately month-to-month, single-family absorptions surprisingly increased by 15% compared to […]