The Fraser Valley real estate market softened further in September 2025 as prices fell for a sixth straight month amid decade-high inventories. While supply remains elevated and conditions favour buyers, a modest uptick in sales suggests some renewed interest as prices ease.
Sales, New Listings & Inventory
In September, the Fraser Valley Real Estate Board recorded 962 home sales on its MLS®—up 3% from August but 2% below September 2024. Sales were 28% below the 10-year average, underscoring subdued demand.
New listings rose 23% month-over-month to 3,447 and were up 3% year-over-year. Active listings reached 10,583, up 1% from August and 17% higher than last September. With the sales-to-active listings ratio at 9%, the region remains firmly in buyer’s market territory.
MLS® HPI Benchmark Price Activity
Benchmark prices across the Fraser Valley edged down again in September:
- Detached Homes: $1,420,000 (−1.2% MoM, −5.4% YoY)
- Townhomes: $795,600 (−1.5% MoM, −4.7% YoY)
- Apartments: $510,400 (−0.7% MoM, −6.3% YoY)
Fraser Valley Housing Market Report September 2025 – Snapshot
Average Days on Market
Homes continued to take roughly five to six weeks to sell:
- Detached Homes: 37 days on average to sell
- Townhomes: 38 days on average
- Apartments: 39 days on average
Regional Highlights
- Abbotsford: Detached benchmark price fell 1.7% to $1,152,500, down 4.0% year-over-year.
- Mission: Detached homes declined 1.0% to $1,015,400, but were 1.2% higher than last September.
- City of Surrey (combined): Detached benchmark eased 1.3% to $1,521,300, 6.6% lower year-over-year.
- Langley: Detached benchmark dipped 0.9% to $1,576,300, down 3.5% annually.
- South Surrey/White Rock: Detached benchmark slipped 1.0% to $1,777,900, 8.1% below last year.
Market Outlook
Buyer’s market conditions persist into fall, with softer prices, ample selection, and more time for due diligence. Elevated inventory and economic uncertainty continue to weigh on activity, but gradual price adjustments are drawing some buyers back.
For buyers, value opportunities are emerging in well-priced, move-in-ready homes. For sellers, sharpening pricing and presentation remains critical to stand out in a competitive landscape.
Source: Fraser Valley Real Estate Board