Fraser Valley Housing Market Statistics - December 2025
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2025 Fraser
Valley housing market slowest in over two decades despite falling
prices and decade-high inventory
Decade-high inventory and softer prices failed to
spark buyer demand in the Fraser Valley in 2025. Despite
favourable conditions and increased negotiating power, many
buyers stayed on the sidelines, making it one of the slowest
years for sales in decades.
The
Fraser Valley Real Estate Board recorded 12,224 sales on its
Multiple Listing Service® (MLS®) in 2025, a decline of 16 per
cent over 2024 and 33 per cent below the 10-year average. The
City of Surrey accounted for the majority of 2025 sales at 48 per
cent, with Langley and Abbotsford accounting for 24 per cent and
16 per cent respectively.
On the
supply side, buyers had more choice than at any point in the past
four decades, as new listings climbed to 37,963.
The
composite Benchmark home price in the Fraser Valley closed the
year at $905,900, down six per cent year-over-year, and down 24
per cent from the peak in March 2022.
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“Ample selection and easing prices gave buyers
some of the most meaningful opportunities we’ve seen in recent
years,” said Tore Jacobsen, Chair of the Fraser Valley Real
Estate Board. “While these conditions favoured motivated
sellers in 2025, the hesitancy of many buyers to capitalize
reflected the general market climate throughout the province
and indeed across the country.”
December 2025
The Board recorded 919 sales on its MLS® in
December, a decline of 2.5 per cent from November, and 7.5 per
cent below sales from December 2024.
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In line with seasonal patterns, new listings fell
sharply in December, declining 39 per cent month-over-month to
1,350. Overall inventory remained above seasonal norms, ending
the year with 6,965 active listings. The pullback in new
listings helped lift the sales-to-active listings ratio to 13
per cent in December, bringing the market into balanced
territory to close out the year. The market is considered
balanced when the ratio is between 12 per cent and 20 per cent.
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“The slowdown we saw in 2025 wasn’t just about
housing — it reflected broader economic uncertainty felt across
the region,” said Baldev Gill, CEO of the Fraser Valley Real
Estate Board. “Households were navigating affordability
challenges, rising costs and tougher mortgage requirements, all
of which contributed to a quieter market.”
The composite Benchmark price for a typical home
in the Fraser Valley continued to slide for the ninth straight
month, down 0.7 per cent compared to November.
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MLS® HPI Benchmark
Price Activity
- Single Family Detached: At $1,388,400
the Benchmark price for an FVREB single-family detached home decreased
1.2 per cent compared to November 2025 and decreased 6.2
per cent compared to December 2024.
- Townhomes: At $781,300 the Benchmark price for an
FVREB townhome increased
0.3 per cent compared to November 2025 and decreased 5.7
per cent compared to December 2024.
- Apartments: At $491,600 the Benchmark price for an
FVREB apartment/condo
decreased one per cent compared to November 2025 and
decreased 7.5 per cent compared to December 2024.
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