The Facts: Slower Sales and Growing Inventory
Market activity in November confirmed the trend of caution. The combination of high borrowing costs and economic uncertainty is keeping sales volumes down while increasing available stock:
Sales Slowed: Total home sales registered on the MLS® were over 1,800, a significant 15% drop compared to November of last year.
Inventory Climbed: This slowdown is creating opportunity. Total active listings surpassed 15,000 homes, marking a substantial 36% increase above the seasonal average. More choice means less bidding pressure.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.