Fraser Valley Housing Market Statistics - July 2025

Fraser Valley real estate sales activity levels off as market enters seasonal slowdown   SURREY, BC – Market conditions are ideal for Fraser Valley home buyers this summer, but the persistent gap between buyers’ and sellers’ price expectations continues to suppress sales.   The Fraser Valley Real Estate Board recorded 1,190 sales on its Multiple Listing Service® (MLS®) in July, down half a per cent from June and down three per cent year-over-year. July sales were 23 per cent below the 10-year average.

 

 

The supply of homes for sale dipped slightly in July, down two per cent from June to 10,650, nearly 50 per cent above the 10-year seasonal average. New listings declined five per cent over June to 3,453. The Fraser Valley remains in a buyer’s market with an overall sales-to-active listings ratio of 11 per cent; the market is considered balanced when the ratio is between 12 per cent and 20 per cent.                 “Home sellers are having to work harder than they did a year or two ago,” said Tore Jacobsen, Chair of the Fraser Valley Real Estate Board. “In a market where buyers are cautious and have ample choice, successful sellers are going the extra mile to meet buyers where they’re at—staging their home, handling repairs up front, and most importantly, pricing their homes realistically for the current market conditions.”                 Across the Fraser Valley in July, the average number of days to sell both a single-family detached home and a condo was 38 days. Townhomes took, on average, 35 days to sell.   “The housing market, like other sectors, continues to process the effects of the ongoing tariff threats,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “The slowdown in home sales this spring and summer has largely been driven by uncertainty and fear. Buyers and sellers are taking measures to offset the anticipated impacts, knowing that the economic effects of tariffs will likely take some time to be fully realized throughout the system.”               The composite Benchmark price in the Fraser Valley decreased 0.7 per cent in July, to $944,800.   MLS® HPI Benchmark Price Activity Single Family Detached: At $1,451,100, the Benchmark price for an FVREB single-family detached home decreased 0.5 per cent compared to June 2025 and decreased 5.1 per cent compared to July 2024. Townhomes: At $814,900 the Benchmark price for an FVREB townhome decreased 1.2 per cent compared to June 2025 and decreased 4.0 per cent compared to July 2024. Apartments: At $519,300 the Benchmark price for an FVREB apartment/condo decreased 1.4 per cent compared to June 2025 and decreased 5.8 per cent compared to July 2024.

 

For the FULL STATISTICS PACKAGE click HERE 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: 🌍www.fvluxuryhomes.com 🌍www.gelderman.ca

 

Fraser Valley Housing Market Statistics - June 2025

Buying opportunities remain untapped in Fraser Valley real estate market   Economic uncertainty continued to be the main driver in buying decisions as home sales in the Fraser Valley remain mostly unchanged, despite abundant inventory and lower prices.   The Fraser Valley Real Estate Board recorded 1,195 sales on its Multiple Listing Service® (MLS®) in June, up one per cent from May, but nine per cent below sales from June 2024 and 33 per cent below the 10-year average.

 

 

The Fraser Valley remains in a buyer’s market with the supply of available homes continuing to build. Active listings approached 11,000 in June — a two per cent increase over May and 30 per cent above levels from this time last year. New listings declined 10 per cent over May to 3,618. The overall sales-to-active listings ratio is steady at 11 per cent; the market is considered balanced when the ratio is between 12 per cent and 20 per cent.                 “For buyers who can tolerate the current economic uncertainty, this market offers some very real opportunities,” said Tore Jacobsen, Chair of the Fraser Valley Real Estate Board. “With more homes to choose from and softening prices, it’s a uniquely favourable time to make a move in the Fraser Valley, particularly for first-time buyers.”               Across the Fraser Valley in June, the average number of days to sell a condo was 39 days, while for a single-family detached home it was 35 days. Townhomes took, on average, 30 days to sell.   “There’s no question the economy continues to grapple with unpredictability surrounding trade and tariffs, and the real estate market, like all sectors, is adapting to an uncertain future,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “Perhaps this presents an opportunity for government to revisit policy decisions of the past, which may have served their purposes under different market conditions, in support of new economic realities.”                 The composite Benchmark price in the Fraser Valley decreased 1.2 per cent in June, to $951,500.   MLS® HPI Benchmark Price Activity Single Family Detached: At $1,458,600, the Benchmark price for an FVREB single-family detached home decreased 1.6 per cent compared to May 2025 and decreased 4.6 per cent compared to June 2024. Townhomes: At $824,400 the Benchmark price for an FVREB townhome decreased 1.0 per cent compared to May 2025 and decreased 3.1 per cent compared to June 2024. Apartments: At $526,500 the Benchmark price for an FVREB apartment/condo decreased 1.2 per cent compared to May 2025 and decreased 4.5 per cent compared to June 2024.

 

For the FULL STATISTICS PACKAGE click HERE 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: 🌍www.fvluxuryhomes.com 🌍www.gelderman.ca