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.
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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.
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“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.”
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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.”
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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.
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