Current:  Abbotsford is in a Seller's Market with average listing inventories, 22 %SOLD rate and a 98% Sell/List Ratio.
                  (This means that on an average sale there is a $24,900 decrease from the original list price) Lesson

Most Active Range: Homes below $1.1mill have a 48.`8 %SOLD rate.
Least Active Range: Homes between $1.55 mill - $1.8 mill have a 7.0 %SOLD rate.

History: The Abbotsford Home Price Index HPIp (Top 50%) shows that prices decreased $ 398,834.
                The Abbotsford Home Price Index HPIp (Lower 50%) shows that prices decreased $271,379 year-to-date.
                      *The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Abbotsford has average Listing supply;280 homes are for sale & with the 22 %SOLD monthly rate gives us a ~5 months of inventory. 5% of the active listings have reduced their price by $71,407 on average and $50,000 on median in the last month. We project Abbotsford to continue in seller's Market.

Greater Vancouver April 2023:

In April, the Greater Vancouver Single-Family Homes increased by a  monthly average price of $11,259. This is the 3rd consecutive monthly price increase.  Last years buyers that waited for the market bottom are actively buying now. We continue to forecast a Seller's market for the next 6 weeks before stabilizing. 

Currently, the Condo and Townhouse Markets continue to be in a Seller's Market, with average price increases of $8,861 and $8,587, respectively. Every Saturday at noon, we analyze 97 different City's House Price Indices and present the MOST ACCURATE Market Trends to you. Please get in touch with us if you'd like a market value update that includes a thorough analysis and forecast for your neighborhood and local market area. - Your Neighborhood.

Fraser Valley April 2023:

The Fraser Valley's Real Estate is heating up with 83% of the Detached Market increased home prices.  Single Family Homes Average Price increased by $36,449 in April. This is twice the increase of the $17,585 that we saw the month earlier. Last years buyers that waited for the market bottom are actively buying now. We forecast a Seller's market for the next 10 weeks before stabilizing. 

Currently, the Condo and Townhouse Markets continue to be in a Seller's Market, with average price increases of $8,486 and $17,215, respectively. Every Saturday at noon, we analyze 97 different City's House Price Indices and present the MOST ACCURATE Market Trends to you. Please get in touch with us if you'd like a market value update that includes a thorough analysis and forecast for your neighborhood and local market area. - Your Neighborhood.