November 2023 - Fraser Valley Real Estate Market Snapshot

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SINGLE FAMILY

2019

2020

2021

2022

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282 Single Family style homes sold in the Fraser Valley Real Estate Board in November 2023. This represents a decrease of 36 unit sales, or -11% when compared to the 318 sales observed last month. When comparing the current month's sales (282 sales) to the 269 sales observed in November of 2022, sales have increased by 13 units, or 5%.

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November

December

November

December

Chart 1: FVREB Single Family Sales Source: Fraser Valley Real Estate Board - REALTORS ®

2023

2018

2019

2020

2021

2022

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INVENTORY

2339 Single Family style homes were available for purchase in the Fraser Valley Real Estate Board in November 2023; this represents a decrease of 221 units, or -9% when compared to the 2560 units observed in inventory last month. When comparing this months inventory (2339 units) to the 1840 units of available inventory observed in November of 2022, inventory has increased by 499 units, or 27%.

2018

1400

SALES

CURRENTLY IN THE FRASER VALLEY REAL ESTATE BOARD IT IS A BALANCED MARKET FOR SINGLE FAMILY STYLE HOMES.

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Chart 2: FVREB Single Family Inventory Source: Fraser Valley Real Estate Board - REALTORS ®

Fifth Avenue – Single Family

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