{"id":185873,"date":"2025-10-02T21:02:07","date_gmt":"2025-10-02T21:02:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/185873\/"},"modified":"2025-10-02T21:02:07","modified_gmt":"2025-10-02T21:02:07","slug":"fraser-valley-home-prices-fall-for-sixth-month-as-inventory-surges","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/185873\/","title":{"rendered":"Fraser Valley home prices fall for sixth month as inventory surges"},"content":{"rendered":"<p>\u201cAs prices continue to weaken, the market is showing hopeful signs of renewed confidence,\u201d said Tore Jacobsen, Chair of the Fraser Valley Real Estate Board.<\/p>\n<p>\u201cWhile recent economic uncertainty seems to have weighed more heavily here in the Fraser Valley, some buyers are beginning to re-engage in the market, a positive signal heading into the fall.\u201d<\/p>\n<p>Sellers also returned after a summer lull, with new listings up 23% month-over-month to 3,447 and up 3% year-over-year. Active listings reached 10,583, up 1% from August and a significant 17% higher than September 2024.<\/p>\n<p>The region remained firmly in buyer\u2019s market territory, with a sales-to-active listings ratio of 9%. The market is considered balanced when this ratio falls between 12% and 20%, according to the British Columbia Real Estate Association.<\/p>\n<p>Price declines were broad-based across property types. The benchmark price for detached homes fell to $1,420,000, down 1.2% from August and 5.4% from a year earlier.<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cAs prices continue to weaken, the market is showing hopeful signs of renewed confidence,\u201d said Tore Jacobsen, Chair&hellip;\n","protected":false},"author":2,"featured_media":185874,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[45,49,48,65673,11185,93419,100],"class_list":{"0":"post-185873","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-ca","10":"tag-canada","11":"tag-fraser-valley","12":"tag-home-prices","13":"tag-homebuyer","14":"tag-markets"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/185873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=185873"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/185873\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/185874"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=185873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=185873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=185873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}