Fraser Valley Market Remains Steady Amid Seasonal Adjustments

Fraser Valley home sales dropped 16% from October and 17% year-over-year in November, with 943 MLS® sales amid high inventory of 9,201 active listings. New listings fell 26% month-over-month. Prices declined slightly: single-family homes averaged $1,405,500, townhomes $778,700, and condos $496,500. The market remains buyer-favorable, with longer selling times and tighter mortgage conditions affecting activity.