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Written on November 3rd, 2020

Fraser Valley real estate saw overall sales reach the highest point for the month of October in the Board’s history. This is the fourth consecutive month of record-breaking or near-record activity for sales and new listings in the region.

The Board processed 2,370 sales of all property types on its Multiple Listing Service® (MLS®) in October, an increase of 48.9 per cent compared to October of last year, and an 6.2 per cent increase month-over-month compared to September.

The volume of new listings in October dipped compared to September, however still ranked the highest for the month in the last decade and the fourth highest of all time.

We are in the middle of a pandemic and in many of our communities we are seeing a strong seller’s market for townhomes and single-family homes priced correctly.