By: Inder Khaira Personal Real Estate Corporation
Data for May’s Real Estate Activity is in and it is EXCITING!
If you are following Fraser Valley realtors on social media, you might be seeing a lot of this in the first week of June.
And looking at the DOWN DOWN DOWN, you might think that the Real Estate market is sinking.
But that is not entirely TRUE.
Not sure what it means to you? Not sure what it means when it comes to real estate market?
These are just numbers if not compared with right set of data.
The new number of listings in May this year was above the 10-year average for the region, which means Sellers are getting confident. This has happened due to the vibrant Real Estate market in March and April.
Now data about ACTIVE listings are even more exciting. Active listings grew to 5558, a 20% increase over April, the highest month-over-month jump in more than a year when the Real Estate market started sinking down.
Not just listings, but SALES has also gone up by 25.8% as compared to May last year. Total sales in May for FVREB were 1711. And this number of sales is 10% more than in April.
The growing number of listings met with HIGH demand reflected by the above numbers is a strong indication of a healthy Real Estate Market.
Are you ready to make a move now? How much more convincing do I need?
Make a call at 6049966784 and I will help you List or Buy.
TLDR? Then watch it here.
For other Fraser Valley Real Estate-related market updates, keep checking my Blog page on my website.
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