North Delta Market Update: June 2018

The North Delta housing market kicked-off summer with a further increase to overall inventory and a downturn in sales. Demand is shifting back towards a more balance market.  In June we saw 32 home sales which is down 53% from June 2017. We saw 106 new listings come on the market which is very normal for this time of the year. The lessened sales activity has led to growing inventory with 220 total single family listings as of the end of June (up 27%).  The market has shifted down and away from a "Seller's Market" into a "Balanced Market". Historically the market will start to cool off during the summer months... tune in to learn more!

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