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After a slow start to the year, July’s real estate numbers confirm what many of us are seeing on the ground—sales are picking up again. Home sales were almost on par with this time last year, and the steady activity from June has continued into summer. While borrowing costs haven’t dropped again just yet, interest rate stability is helping restore buyer confidence. For anyone waiting for a sign to make a move, this is it.
Inventory levels remain high, with over 17,000 homes currently listed—well above the 10-year average. That means buyers still have plenty of options, and prices have stayed relatively flat. Sellers should take note: with more activity and stable pricing, the window of opportunity to list before competition tightens is still open. In other words, we’re in that sweet spot where the market is balanced, but change is brewing.
Whether you're buying or selling, this shift brings real opportunity. Buyers can still shop with leverage, and sellers who list now can avoid competing in a busier fall market. If you’re wondering what these numbers mean for your specific situation, let’s connect.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.