Market Report Summary for August 2021 - Fraser Valley Real Estate Board

Report Summary - Seller’s Market, low inventory and strong demand

• 2087 units sold, 4% increase MoM and 2.4% increase YOY

• 2107 units (all types) new listings, 36.3% DECREASE YOY

• 4077 Ending Inventory - 44.9% DECREASE YOY, and 16.8% DECREASE MoM

Full Report:

http://www.fvreb.bc.ca/statistics/a-market-of-extremes-near-record-sales-in-august-combined-with-lowest-supply-in-four-decades/

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Inventory

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Sales

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Pricing

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Sales-to-Active Listings Ratio - 55%