Fraser Valley Housing Market Statistics - April 2025
Abundant listings and stable prices not
enough to drive April sales in the Fraser Valley
SURREY, BC — Home buyers in the
Fraser Valley are enjoying a selection of homes for sale not seen in more
than a decade. The growing inventory of more than 10,000 active listings
means, in many cases, that buyers have time, selection and price
negotiation on their side.
“There’s definitely a
surge of activity in the market — buyers are out viewing homes and
attending open houses,” said Tore Jacobsen, Chair of the Fraser Valley Real
Estate Board. “What’s noticeable in the current market is the level of
choice. A buyer might see a home they like and then have an opportunity to
tour five or ten more just like it, without feeling rushed to make an
immediate offer.”
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However, despite the
abundance of listings and potential buying opportunities, spring sales
remain sluggish. The Fraser Valley Real Estate Board recorded 1,043 sales
on its Multiple Listing Service® (MLS®) in April, up one per cent from
March and down 29 per cent year over year. New listings declined slightly
in April, down one per cent from March.
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The overall
sales-to-active listings ratio indicates a buyer’s market in the Fraser
Valley, with a ratio of 10 per cent. The market is considered to be
balanced when the ratio is between 12 per cent and 20 per cent.
Across the Fraser
Valley in April, the average number of days to sell a single-family
detached home was 32, while for both townhomes and condos it was slightly
lower at 29 days.
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“Tariffs and economic
uncertainty continue to weigh heavily on the minds of home buyers in the
Fraser Valley,” said Baldev Gill, CEO of the Fraser Valley Real Estate
Board. “However, with the federal election now behind us and a new
administration in place, there’s cautious optimism that a fresh approach
to strengthening the economy could be on the way, which is welcome news
for the real estate sector.”
The composite
Benchmark price in the Fraser Valley decreased 0.2 per cent in April, to
$972,700.
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MLS® HPI Benchmark Price Activity
- Single Family Detached: At $1,506,600, the
Benchmark price for an FVREB single-family detached home
increased 0.1 per cent compared to March 2025 and decreased 1.3 per
cent compared to April 2024.
- Townhomes: At $833,100 the
Benchmark price for an FVREB townhome decreased 0.1 per
cent compared to March 2025 and decreased 2.4 per cent compared to
April 2024.
- Apartments: At $537,800 the
Benchmark price for an FVREB apartment/condo decreased
0.6 per cent compared to March 2025 and decreased 3.2 per cent
compared to April 2024.
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