Fraser Valley Real Estate, Market Summary - September 2022
September 2022 Key Statistics & Summary Link
AVERAGE HOME PRICE INDEX: $1,011,100
MEDIAN DAYS ON MARKET: 23
SALES-TO-ACTIVE RATIO: 16% (BALANCED MARKET)
“There’s no question that interest rates continue to be a primary factor in the market trends... The sales slowdown we’re seeing reflects a level of caution exercised by buyers, who are likely waiting for the market to settle further before jumping in. In the meantime, we anticipate prices may continue to decline across all categories”
