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Abbotsford Detached Home Market Update November 2021

Home » Market Updates » Abbotsford Detached Home Market Update November 2021

The Fraser Valley Real Estate Board recently published the MLS® statistics for the Abbotsford real estate market, among others, for November 2021.

In this post, we’re going to take a close look at key numbers for the Abbotsford detached home market for November 2021 – including sales, new listings, active listings, as well as benchmark, median and average prices for detached homes for sale in Abbotsford.

We're also going to see what kind of shape the detached home market in Abbotsford was in for the month – whether it was a buyer's market, a balanced market, or a seller's market.

Lack of supply continues to be the biggest factor impacting the market. To see sales increase from October to November, even slightly, is unusual. Typically, as the weather changes and the holiday season approaches, we see sales start to decline, but not this year.

Larry Anderson, President of the Fraser Valley Real Estate Board – President, Fraser Valley Real Estate Board

And we're going to look at how the Abbotsford MLS® numbers for November 2021 compare with the numbers for November 2020 and for October 2021.

Highlights of FVREB MLS® Data on Abbotsford Detached Home Listings and Sales

Here's a high-level snapshot of listing and sales activity for Abbotsford detached homes in November 2021.

  • 114 Sales
  • 101 New Listings
  • 113 Active listings
  • $1,252,200 Benchmark Price
  • $1,292,500 Median Price
  • $1,330,368 Average Price

The sales-to-active-listings ratio netted out a market absorption rate of 100.88%, indicating that it was a Seller's Market for detached homes in Abbotsford in November 2021 (click on the link learn more about local housing market ratios on the BC Real Estate Association blog).

Please note: If you want the most accurate and up-to-date data on Abbotsford MLS® listing and sales activity for detached homes, you need to speak with a real estate agent.

Abbotsford Detached Home Market Changes

Following are some of the highlights for detached homes for sale in Abbotsford in November 2021:

  • There were 114 detached home sales in Abbotsford in November 2021 – a decrease of -24.50% over November 2020 and a decrease of -1.72% over October 2021
  • There were 101 new listings of detached homes in Abbotsford in November 2021 – a decrease of -9.01% over November 2020 and a decrease of -15.13% over October 2021
  • The average price of a detached home in Abbotsford in November 2021 was $1,330,368 – an increase of 44.51% over November 2020 and an increase of 7.04% over October 2021

If you're really keen to understand what happened in the market for detached home in Abbotsford in November 2021, make sure you check out the next section.

Detailed Overview of the Market for Detached Homes in Abbotsford

Check out the table below for more detailed information on what happened in the Abbotsford detached home market in November 2021 and see how it compares with the previous year and previous month.

Abbotsford Detached Home Stats

Metric Nov 2021 Nov 2020 % Change Oct 2021 % Change
Sales 114 151 -24.50% 116 -1.72%
New Listings 101 111 -9.01% 119 -15.13%
Active Listings 113 257 -56.03% 154 -26.62%
Benchmark Price $1,252,200 $881,500 42.05% $1,208,900 3.58%
Median Price $1,292,500 $850,000 52.06% $1,225,000 5.51%
Average Price $1,330,368 $920,618 44.51% $1,242,817 7.04%

Disclaimer

All of the data for the monthly real estate market updates are taken directly from the MLS® statistics packages that the Fraser Valley Real Estate Board publishes every month.

Although rare, errors and omissions may happen from time to time. If you want to be absolutely certain the you have the most accurate data, we encourage you to click on the link to the latest MLS® statistics for the Abbotsford real estate market.

Or, better still, speak directly with a real estate agent who specializes in Abbotsford detached homes who will be able to provide you with the most accurate, up to the minute information on – and insights into – the Abbotsford real estate market.

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