Abundant listings and stable prices not enough to drive April sales in the Fraser Valley
As we moved through April, the Fraser Valley real estate market continued to favour buyers, with active listings reaching levels not seen in over a decade. Inventory surpassed 10,000 homes, giving buyers unprecedented selection and time to explore their options. While foot traffic and open house activity have picked up, actual sales remain soft, with only a 1% month-over-month increase and a 29% decline compared to April 2024.
For buyers, current conditions offer breathing room and choice. Detached homes averaged 32 days on the market, with townhomes and condos close behind at 29. The abundance of inventory means less urgency and more negotiating power, while benchmark prices have held steady, dipping just 0.2% month over month to $972,700. Buyers who have been waiting on the sidelines may find that this is a good time to enter the market on their terms.
Sellers, on the other hand, need to stay informed and strategic. With a sales-to-active listings ratio at 10%, the market sits firmly in buyer’s territory. Pricing competitively and ensuring your property stands out are more critical than ever. While economic uncertainty still lingers, there’s optimism that recent federal leadership changes may lead to policies that strengthen buyer confidence heading into summer.
Whether you’re planning to make a move or simply trying to understand how these trends may affect your goals, our team is here to help. Reach out anytime for expert guidance tailored to your needs and neighbourhood.
SURREY, BC – Home buyers in the Fraser Valley are enjoying a selection of homes for sale not seen in more than a decade. The growing inventory of more than 10,000 active listings means, in many cases, that buyers have time, selection and price negotiation on their side.
“There’s definitely a surge of activity in the market — buyers are out viewing homes and attending open houses,” said Tore Jacobsen, Chair of the Fraser Valley Real Estate Board. “What’s noticeable in the current market is the level of choice. A buyer might see a home they like and then have an opportunity to tour five or ten more just like it, without feeling rushed to make an immediate offer.”
However, despite the abundance of listings and potential buying opportunities, spring sales remain sluggish. The Fraser Valley Real Estate Board recorded 1,043 sales on its Multiple Listing Service® (MLS®) in April, up one per cent from March and down 29 per cent year over year. New listings declined slightly in April, down one per cent from March.
The overall sales-to-active listings ratio indicates a buyer’s market in the Fraser Valley, with a ratio of 10 per cent. The market is considered to be balanced when the ratio is between 12 per cent and 20 per cent.
Across the Fraser Valley in April, the average number of days to sell a single-family detached home was 32, while for both townhomes and condos it was slightly lower at 29 days.
“Tariffs and economic uncertainty continue to weigh heavily on the minds of home buyers in the Fraser Valley,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “However, with the federal election now behind us and a new administration in place, there’s cautious optimism that a fresh approach to strengthening the economy could be on the way, which is welcome news for the real estate sector.”
The composite Benchmark price in the Fraser Valley decreased 0.2 per cent in April, to $972,700.
MLS® HPI Benchmark Price Activity
• Single Family Detached: At $1,506,600, the Benchmark price for an FVREB single-family detached home increased 0.1 per cent compared to March 2025 and decreased 1.3 per cent compared to April 2024.
• Townhomes: At $833,100 the Benchmark price for an FVREB townhome decreased 0.1 per cent compared to March 2025 and decreased 2.4 per cent compared to April 2024.
• Apartments: At $537,800 the Benchmark price for an FVREB apartment/condo decreased 0.6 per cent compared to March 2025 and decreased 3.2 per cent compared to April 2024.
Find the April 2025 Statistics Package HERE.
