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Share this Story: House sales continue to break records, however there's a brand-new peace in real estate market, agent states Breadcrumb Path Hyperlinks As more listings come onto the marketplace, there are fewer double-digit multiple offers and subject-free sales, according to property agents. Author of the post: Joanne Lee-Young Publishing date: May 05, 2021 May 5, 2021 3 minute checked out Realtor John Corrie stands in front of an Abbotsford house on May 4 at 35369 Rockwell Dr.

31198 Firhill Dr, Abbotsford, BC V2T 0G4 - MLS# R2559452 - Redfin

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Image by Mike Bell/ PNG Post content Eight months and counting, the Fraser Valley has set yet another record for monthly house sales in April, beating a streak formerly set during the boom times of 2015-16. Ad eXp Realty® has not loaded yet, however your short article continues listed below. Short article content However there appears to be a brand-new calmness in a realty market that has recently been so hot that it's drawn the anxious attention of bank economic experts, credit experts and nationwide policy-makers.

There's likewise been a minor shift because "a few of the accepted deals are not subject-free. There is a natural correction in the market as more listings are coming for sale," Corrie included. There were 5,018 brand-new listings in April in the Fraser Valley, which was up 254 per cent compared to in 2015, when the marketplace was stalled by the COVID-19 lockdown, however down one per cent compared with the previous month.