Fraser Valley housing market signals further settling as sales continue to stall in response to interest rate rises. Robust active listings and relative steady sales activity continued to bring balance to the Fraser Valley real estate market in August. The past several months of rising inventory combined with a slowing trend in sales has also seen benchmark prices return to levels not seen since last year. August saw a balanced market in the Fraser Valley with an overall sales-to-active ratio of 17 per cent (the market is considered balanced when the sales-to-active ratio is between 12 per cent and 20 per cent). #c21 #atindersingh #fvreb #marketstats #hikerealestate #surreybc https://www.instagram.com/p/CiA2QRoPZ7t/?igshid=NGJjMDIxMWI=
