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Share this Story: Home sales continue to break records, but there's a brand-new calmness in realty market, representative says Breadcrumb Trail Hyperlinks As more listings come onto the marketplace, there are fewer double-digit several deals and subject-free sales, according to property representatives. Read This of the article: Joanne Lee-Young Publishing date: Might 05, 2021 May 5, 2021 3 minute read Real estate agent John Corrie stands in front of an Abbotsford house on Might 4 at 35369 Rockwell Dr.
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Photo by Mike Bell/ PNG Short article material 8 months and counting, the Fraser Valley has set yet another record for monthly home sales in April, beating a streak previously set throughout the boom times of 2015-16. Ad This ad has actually not packed yet, but your short article continues below. Short article content But there seems to be a brand-new calmness in a real estate market that has actually recently been so hot that it's drawn the concerned attention of bank financial experts, credit experts and nationwide policy-makers.
There's also been a small shift because "some of the accepted deals are not subject-free. There is a natural correction in the market as more listings are coming for sale," Corrie added. There were 5,018 brand-new listings in April in the Fraser Valley, which was up 254 per cent compared to last year, when the marketplace was stalled by the COVID-19 lockdown, but down one percent compared to the previous month.