Wednesday, July 15, 2009

FVREB June Stats

It completely slipped my mind until today but I neglected to post the monthly recap of the Fraser Valley Real Estate Board statistics release.

Here it is:
Active listings ended the month of June 2009 at 9300. A level well below the lofty levels of last year.
Sales were nearly at peak levels with 1982 homes changing hands during the month. I would love to hear some anecdotes of sellers and buyers to hear what is motivating them to move in the market right now.


Prices have certainly stabilized for now and increased a little with the robust activity this spring.
The correlation between Months of Inventory and price changes is extremely strong.

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