SURREY, B.C – Home sales in the Fraser Valley posted a second consecutive bump in February as new listings continue to rise and trend slightly above the 10-year seasonal average.
The Fraser Valley Real Estate Board recorded 1,235 transactions on its Multiple Listing Service® (MLS®) in February, a 32 per cent increase over January but still 21 per cent below the 10-year average for sales in the region. New listings increased to 2,797 in February, up 18 per cent from January and 4 per cent abovethe 10-year average.
“There is somewhat of a buzz in the market right now,” said…
This article is the first in Global News’ Spring Housing Buzz series, where we will investigate a number of different areas related to the spring real estate market in Ontario.
As the days grow longer, real estate markets generally grow stronger across Ontario in what is known as the spring market.
Global News spoke to realtors and an economist in an attempt to explain what the spring market is as well as to look at recent trends which may help to discern what could happen with the spring market in 2024.
Now, there is no hard and fast rule as…
VANCOUVER — Greater Vancouver’s real estate board says new listings were up in February as home sellers shed some of their interest and home sales also rose.
The board, which changed its name to Greater Vancouver Realtors last month, says February home sales rose 13.5 per cent from last year to 2,070.
However, the number of sales was 23.3 per cent below the 10-year seasonal average.
The board says there were 4,560 new listings of detached, attached and apartment properties last month, 31.1 per centmore than the same month last year and almost on par with the 10-year seasonal average.…