Hi everyone, this is PJ Cheema with Sutton Premier Realty, and I'm here with the market update for June for Surrey, Cloverdale, Langley & the rest of Fraser Valley. The way things are going on with COVID in BC, it looks like real estate market is getting back to its normal activity level. That means homes are being listed and getting sold. I
Inventory has gone up by 56% in the month of June in comparison to May. What's more interesting is that the sales have gone up by 113% in comparison to May.
Overall, we are seeing the market being balanced out. Interest rates are at its lowest and the buyers are taking advantage of that to get into the market. Sellers are selling their homes to make their next move. We are here to answer all your questions regarding selling and buying real estate.
Please feel free to call us any time and we'll be more than happy to help you. Thanks for watching and stay safe!