A snapshot of key metrics
February 2023Detached homes
The single family detached home market is consistently the first segment to move, either up or down, when the market is shifting. As a result, we look to this segment as an indicator for market directionality and velocity.Home sales in the Fraser Valley
The following charts summarize the month’s total home sales throughout the Fraser Valley.New and active listings in the Fraser Valley
New listings is the cumulative quantity of listings posted for the month. Active listings is the quantity of active listings on the last day of the month.Listings over time
Listing metrics tend to be seasonally cyclical making month-over-month reports misleading as indicators of market shifts. The below chart shows each month's active and new listings over the past decade. The current month is highlighted on each line to illustrate how today's data compares to the past 10 years of data for the same month.
HPI benchmark prices
HPI Index establishes "Benchmark Prices" for a typical home in each major housing category. Benchmark Prices, as a relative metric, tend to be a more accurate indicator of market direction and velocity as they are not subject to the composition of home types being sold, like average home prices.Read other Fraser Valley development land news
Data sourced from Fraser Valley Real Estate Board