Paul Penner : RE/MAX Truepeak Realty : Home
October sales in the Fraser Valley were off 18% from October of 2020. Will this push prices down?
No, prices are not expected to decrease as the number of new listings received in October dropped a stunning 29% from last year. The total inventory of active listings on the Fraser Valley Real Estate Board MLS is 50% of last year’s inventory. We need more housing – it’s that simple.
The spring market was on track to be very active and then everything changed. COVID-19 has impacted every sector of the economy including the real estate sector.
Paul Penner : RE/MAX Truepeak Realty : Home