Some Fraser Valley Numbers...

Good analysis:
here

Report:

here

Here's my take. I love the up-beat title:

'FRASER VALLEY BUYERS ENJOY ABUNDANT SELECTION'

May that abundance continue in abundance.

Compared with one year ago:

2% less sales than May 2009 and 14% more listings.

Prices up 8-10% though from last May.

Less sales, more inventory and yet higher prices. I am thinking 5th wave divergence.

Compared with April 2010:

17.6% less sales over-all

7.3% higher listings

Benchmark price down 1% from April.

Median and Average prices flat for Detached and Townhouse from April 2010 ie 0, or +1 or -1%
Apartments are up 4%! Despite double digit less sales and 7.8% more listings!