Fraser Valley Housing Market Statistics - October 2025
October brings welcome boost to Fraser
Valley, but sales still lag seasonal averages
Fraser Valley home
sales climbed for the second straight month in October, a sign that some
buyers may be responding to steadily easing prices.
The Fraser Valley Real
Estate Board recorded 1,123 sales on its Multiple Listing Service® (MLS®)
in October, a 17 per cent increase from September, but 16 per cent below
sales from the same month last year.
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After a short-lived
rise in September, new listings slowed in October, down 14 per cent
month-over-month and seven per cent year-over-year, to 2,967. Overall
inventory remains well above seasonal norms for the Fraser Valley, with
10,121 active listings, down four per cent from September but up 15 per
cent year-over-year.
“Motivated sellers are
responding to increasingly competitive market conditions with more
realistic pricing strategies,” said Tore Jacobsen, Chair of the Fraser
Valley Real Estate Board. “As a result, we’re seeing prices soften—a
shift that’s helping to facilitate sales in a slower market.”
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The Fraser Valley
remains firmly in a buyer’s market, with an overall sales-to-active
listings ratio of 11 per cent in October, up from nine per cent in
September. The modest increase reflects a rise in sales alongside a
slight decline in inventory. A balanced market is typically defined by a
ratio between 12 and 20 per cent.
Across the Fraser
Valley in October, the average number of days to sell both a
single-family detached home and a condo was 42 days; while for a townhome
it was 37 days.
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“While these early
signs are encouraging, the path back to seasonal average sales levels
will take time,” said Baldev Gill, CEO of the Fraser Valley Real Estate
Board. “As more new supply comes on stream and sellers adapt to the
shifting dynamics, we expect the market to respond accordingly.”
The composite
Benchmark price for a typical home in the Fraser Valley decreased 0.7 per
cent in October, to $919,900.
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MLS® HPI Benchmark Price Activity
- Single Family Detached: At $1,411,900 the
Benchmark price for an FVREB single-family detached home
decreased 0.6 per cent compared to September 2025 and decreased 5.1
per cent compared to October 2024.
- Townhomes: At $786,000 the Benchmark
price for an FVREB townhome decreased 1.2 per
cent compared to September 2025 and decreased 5.6 per cent compared
to October 2024.
- Apartments: At $506,400 the
Benchmark price for an FVREB apartment/condo decreased
0.8 per cent compared to September 2025 and decreased 6.8 per cent
compared to October 2024.
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