Caileigh's Vlog


May 2020 Market Minute!

Your Fraser Valley Real Estate Update

 

What is Happening out There?! 

May 2020 Market Trends
 
 

The Fraser Valley Real Estate Board (FVREB) processed a total of 805 sales on its Multiple Listing Service® (MLS®) in May, an increase of 17 per cent compared to sales in April and a decrease of 47 per cent compared to the 1,517 sales during May of last year.

Sale prices are still strong! This is a result of the low supply. We are even seeing multiple offers, especially with multi-family dwellings such as Townhomes and condos. 

As restrictions begin to ease off, I hope to see inventory climb over the summer months.