In Feb, 2008, the Fraser Valley real estate market saw a 30% increase in inventory when compared to same time last year. There were a total of 8,185 homes for sale this year, compared to 6,304 last year. The prices are also on their way up but are being outpaced by the feverish increase in inventory levels.
Sales in the Fraser Valley were down when compared to the same time last year, 615 compared to 671 last year. This decrease in sales is keeping the prices in check and we will see only a moderate increase in prices this year.
To read the full stats, please visit my Fraser Valley real estate stats blog.
As a Fraser Valley Realtor, I specialize in residential real estate in Surrey and Langley. I provide professional, honest and exceptional service. Call me today, I look forward to working with you.
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