Fraser Valley Housing Market Statistics - September 2025
Sustained elevated inventories soften
Fraser Valley home prices further, spurring bump in sales
Home prices in the
Fraser Valley continued their downward trend in September, marking the
sixth straight month of declines, amid high inventory.
The Benchmark price for
a typical home in the Fraser Valley dropped one per cent in September to
$926,300, down 5.4 per cent year-over-year. The continued softening of
prices may be encouraging some buyers back into the market, as the Fraser
Valley Real Estate Board recorded 962 sales on its Multiple Listing
Service® (MLS®) in September, an increase of three per cent over August.
September sales were down two per cent year-over-year and 28 per cent below
the 10-year average.
|
|
“As prices continue to
weaken, the market is showing hopeful signs of renewed confidence,” said
Tore Jacobsen, Chair of the Fraser Valley Real Estate Board. “While
recent economic uncertainty seems to have weighed more heavily here in
the Fraser Valley, some buyers are beginning to re-engage in the market,
a positive signal heading into the fall.”
|
|
After sitting out for
part of the summer, sellers reemerged in September, with new listings up
23 per cent month-over-month to 3,447; up three per cent year-over-year.
Overall inventory remains at decade-high levels, with 10,583 active
listings, up one per cent from August and up 17 per cent from September
2024.
The Fraser Valley
remains entrenched in a buyer’s market with an overall sales-to-active
listings ratio of nine per cent in September. The market is considered
balanced when the ratio is between 12 per cent and 20 per cent.
|
|
Across the Fraser
Valley in September, the average number of days to sell a single-family
detached home was 37 days; while for a townhome it was 38 days. Condos
took, on average, 39 days to sell.
“It is unreasonable to
single out any one factor or policy driving today’s market dynamics,”
said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “That said,
there is a growing consensus within the housing and development sector
calling for greater measures to incentivize investors to help drive new
supply growth, which would certainly have a positive impact on
affordability.”
|
|
MLS® HPI Benchmark Price Activity
- Single Family Detached: At $1,420,000 the
Benchmark price for an FVREB single-family detached home
decreased 1.2 per cent compared to August 2025 and decreased 5.4 per
cent compared to September 2024.
- Townhomes: At $795,600 the
Benchmark price for an FVREB townhome decreased 1.5 per
cent compared to August 2025 and decreased 4.7 per cent compared to
September 2024.
- Apartments: At $510,400 the
Benchmark price for an FVREB apartment/condo decreased
0.7 per cent compared to August 2025 and decreased 6.3 per cent
compared to September 2024.
|
|
|
For the FULL STATISTICS PACKAGE click
|
|
|
Know someone moving ANYWHERE in the WORLD? Call us today--we know the BEST agents everywhere!! Serving Abbotsford, Chilliwack, Mission, Langley, Surrey and the WORLD! 📞 Office Phone: 604-743-7653
ALL GTeam contact 📲 info can be found on either of our Team Web Sites below: |
|
| |
|