May 2014 Fraser Valley Absorption Rate

Bar none, last month was the best month we have had in Abbotsford Real Estate in the last 8+ years. In Abbotsford we saw a 35% absorption rate.. you remember what absorption rate is right? If not check out this video from last year. Our inventory is low. This is great for sellers but makes it very tough for buyers. We have had many stories of multiple offers and numerous cases of homes selling over asking price.
Guess what… this market isn’t going away any time soon, and its not only Abbotsford that is experiencing it.
If you want a more in depth update on your neighbourhood reach out to me…. I would love to buy you a coffee.
And if you know of someone who is thinking of selling it might be the right time… have them give me a call.
Thanks!