The Fraser Valley real estate market closed out 2025 on a quieter note in December, reflecting typical year-end seasonality alongside ongoing buyer caution. Sales softened slightly from November, new listings declined sharply, and inventory levels eased—bringing the market back into balanced territory to finish the year. While prices continued to trend lower, the moderation in supply provided some stability as buyers and sellers headed into the new year.
Sales, New Listings & Inventory
In December, the Fraser Valley Real Estate Board (FVREB) recorded 919 home sales on its MLS®, a 2.5% decrease from November and 7.5% lower than December 2024.
This modest decline aligns with historical holiday-season slowdowns, as many buyers paused activity amid broader economic uncertainty.
New listings fell significantly to 1,350, down 39% month-over-month, as sellers largely stepped back during the holiday period.
Despite this pullback, overall supply remained elevated by historical standards.
Active listings ended the month at 6,965, a 24% decline from November, but still 11% higher than December last year, maintaining ample choice for buyers.
The sales-to-active listings ratio rose to 13%, moving the Fraser Valley into balanced-market territory to close out the year.
A balanced market is typically defined by a ratio between 12% and 20%, indicating more even conditions between buyers and sellers.
MLS® HPI Benchmark Price Activity
Benchmark prices continued to soften across most housing categories in December, extending a multi-month downward trend:
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Detached Homes: $1,388,400 (−1.2% MoM, −6.2% YoY)
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Townhomes: $781,300 (+0.3% MoM, −5.7% YoY)
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Apartments: $491,600 (−1.0% MoM, −7.5% YoY)
The composite benchmark price declined 0.7% month-over-month to $905,900, marking a 6.0% decrease compared with December 2024.
Prices remain under pressure as elevated inventory and affordability concerns continue to limit buyer urgency.
Fraser Valley Housing Market Report – December 2025 – Marketing Snapshot
Fraser Valley Housing Market Report – December 2025 – Benchmarks
Average Days on Market
Homes generally took longer to sell in December, consistent with reduced seasonal activity and cautious demand:
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Detached Homes: 44 days on average
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Townhomes: 39 days on average
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Apartments: 44 days on average
Regional Highlights
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Abbotsford: Detached benchmark edged down to $1,199,100, remaining relatively resilient compared to other sub-markets.
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Mission: Detached benchmark settled near $973,500, showing modest monthly softening but better annual stability.
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City of Surrey (combined): Detached benchmark declined to $1,484,100, maintaining a clear year-over-year downward trend amid higher supply.
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Langley: Detached benchmark eased to $1,514,400, continuing gradual price moderation.
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South Surrey/White Rock: Detached benchmark softened to $1,732,300, still among the region’s highest-priced areas despite annual declines.
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North Delta: Detached benchmark fell to approximately $1,267,100, reinforcing strong buyer negotiating power.
Market Outlook
FVREB Chair Tore Jacobsen noted that while buyers had some of the best selection seen in decades during 2025, overall sales activity remained subdued as many households stayed cautious in the face of economic uncertainty and borrowing constraints.
CEO Baldev Gill added that affordability challenges, higher living costs, and stricter mortgage qualification requirements all contributed to the slower pace of market activity throughout the year. While the reduction in new listings helped stabilize conditions in December, a sustained rebound in sales will likely depend on improved confidence and more favourable financing conditions.
Heading into early 2026, balanced conditions are emerging:
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For buyers: Inventory remains healthy, providing choice and continued negotiating leverage on well-priced homes.
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For sellers: Success will depend on realistic pricing, strong presentation, and patience in a more selective market environment.