Spring inventory continues to build in the Fraser Valley to levels not seen in nearly 5 years creating more balanced market conditions for home buyers and sellers. The increase in supply over the past several months has further contributed to a softening of price growth, which is good news for buyers.
The average number of days townhomes and single-family detached homes are spending on the market increased slightly in May.
Detached homes are spending 25 days on the market, up from 23 in April.
Townhomes are spending 20 days on the market, up one day from April, and condos remain steady at 23 days on the market.
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