2ND QUIETEST AUGUST IN DECADE PRESENTS

OPPORTUNITY FOR FRASER VALLEY BUYERS

(Surrey, BC) – Fraser Valley buyers and sellers continued to take a holiday from the real estate market in August with the region’s Multiple Listing Service (MLS®) showing a decrease in sales, new listings and overall inventory compared to July.

The Fraser Valley Real Estate Board (FVREB) processed 997 sales on its MLS® in August, a decrease of 44 per cent compared to the 1,786 sales during the same month last year and 9 per cent fewer than in July, however 10 per cent more than the 910 sales in August 2008.

Deanna Horn, FVREB President, explains, “In August, sellers in the Fraser Valley took as much of a

break as buyers.

“Even with our slowdown in sales, we’re seeing inventory edge lower. Since May, we’ve seen...

Read full post