Fraser Valley Housing Market Statistics - August 2025
Declining prices and high inventory
strengthen buyer’s market heading into fall Fraser Valley home
sales fell more than 20 per cent in August, but buyers who did get into the
market were able to take advantage of favourable conditions including
abundant choice, softer prices and more time to make decisions. |
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The Fraser Valley Real
Estate Board recorded 931 sales on its Multiple Listing Service® (MLS®)
in August, down 22 per cent from July and down 13 per cent
year-over-year. August sales were 36 per cent below the 10-year average.
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The Fraser Valley
buyer’s market remains strong with inventory levels holding relatively
stable, down just two per cent to 10,445 active listings. Newly listed
homes declined 19 per cent month-over-month to 2,793; up half a per cent
year-over-year. The overall sales-to-active listings ratio for August
dropped to nine per cent, down two per cent from July. The market is
considered balanced when the ratio is between 12 per cent and 20 per
cent.
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“Current market
conditions are allowing buyers the opportunity to make bold offers,
especially for properties that have been on the market for a while and
where sellers may be more motivated,” said Tore Jacobsen, Chair of the
Fraser Valley Real Estate Board. “As in all transactions, timing is
everything and we expect to see more buyers come off the sidelines
heading into fall to take advantage of the lower price floor.”
Across the Fraser
Valley in August, the average number of days to sell a condo was 41 days;
while for a single-family detached home it was 38 days. Townhomes took,
on average, 32 days to sell.
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“The economic
uncertainty that has shaped the housing market for much of 2025 now seems
to have been factored into market dynamics, as evidenced by a sustained
softening of prices,” said Baldev Gill, CEO of the Fraser Valley Real
Estate Board. “Some buyers who had been holding off are starting to
recognize that waiting for greater certainty could mean missing
opportunities, particularly in a market where conditions now clearly
favour buyers.”
The composite
Benchmark price in the Fraser Valley decreased 0.9 per cent in August, to
$936,200.
MLS® HPI Benchmark Price Activity
- Single Family Detached: At $1,436,800, the
Benchmark price for an FVREB single-family detached home
decreased one per cent compared to July 2025 and decreased 5.7 per
cent compared to August 2024.
- Townhomes: At $807,800 the
Benchmark price for an FVREB townhome decreased 0.9 per
cent compared to July 2025 and decreased 4.5 per cent compared to
August 2024.
- Apartments: At $514,100 the
Benchmark price for an FVREB apartment/condo decreased
one per cent compared to July 2025 and decreased 5.9 per cent
compared to August 2024.
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