The Fraser Valley real estate market showed modest improvement in October 2025 as sales rose for the second consecutive month, though activity remains below long-term averages. Slightly stronger demand, paired with easing prices and fewer new listings, hints at early signs of market stabilization amid ongoing buyer’s market conditions.
Sales, New Listings & Inventory
In October, the Fraser Valley Real Estate Board (FVREB) recorded 1,123 home sales on its MLS®—a 17% increase from September but still 16% lower than October 2024.
Sales remain well below seasonal averages, reflecting a cautious buyer pool even as prices continue to soften.
New listings declined 14% month-over-month and 7% year-over-year to 2,967.
Active listings stood at 10,121, down 4% from September but up 15% from a year ago—leaving overall supply still above typical fall levels.
With a sales-to-active listings ratio of 11%, up from 9% in September, the Fraser Valley remains firmly in buyer’s market territory.
A balanced market is typically defined by a ratio between 12% and 20%.
MLS® HPI Benchmark Price Activity
Prices continued to edge lower across all major housing types in October, extending the region’s softening trend:
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Detached Homes: $1,411,900 (−0.6% MoM, −5.1% YoY)
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Townhomes: $786,000 (−1.2% MoM, −5.6% YoY)
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Apartments: $506,400 (−0.8% MoM, −6.8% YoY)
The composite benchmark price for a typical Fraser Valley home slipped 0.7% month-over-month to $919,900, marking another month of mild downward pressure.
Average Days on Market
Homes took slightly longer to sell in October as conditions remained competitive:
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Detached Homes: 42 days on average
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Townhomes: 37 days on average
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Apartments: 42 days on average
Regional Highlights
Abbotsford: Detached benchmark rose 1.5% to $1,170,100, though still 2.2% lower year-over-year.
Mission: Detached benchmark held steady at $1,015,400, nearly unchanged both monthly and annually.
City of Surrey (combined): Detached benchmark dipped 0.6% to $1,512,800, 6.4% below last year.
Langley: Detached benchmark slid 1.6% to $1,551,600, down 3.8% annually.
South Surrey/White Rock: Detached benchmark decreased 1.3% to $1,754,000, 8.1% below October 2024.
North Delta: Detached benchmark fell 1.3% to $1,300,800, 7.9% lower year-over-year.
Market Outlook
“Motivated sellers are responding to increasingly competitive market conditions with more realistic pricing strategies,” said FVREB Chair Tore Jacobsen, noting that softer prices are encouraging more buyer engagement.
The Board’s CEO Baldev Gill added, “While these early signs are encouraging, the path back to seasonal average sales levels will take time. As more supply comes on and sellers adapt to shifting dynamics, the market should gradually rebalance.”
Heading into late fall, buyer’s market conditions persist, offering ample selection and negotiation room. However, fewer new listings and gradual absorption of inventory could set the stage for firmer conditions in early 2026.
For buyers, opportunities remain strong in move-in-ready homes priced competitively.
For sellers, strategic pricing and presentation are crucial to stand out amid high inventory and selective demand.
Source: Fraser Valley Real Estate Board