Fraser Valley real estate sales activity levels off as market enters seasonal slowdown
The real estate market in the Fraser Valley is experiencing a typical summer slowdown, with sales activity leveling off in July. The Fraser Valley Real Estate Board noted that 1,190 sales were recorded on the Multiple Listing Service® (MLS) in July, which is a slight decrease of 0.5% from June. This sales figure is also 3% lower compared to July of last year and is 23% below the ten-year average for the month. Inventory saw a minor dip of 2% from June, bringing the total number of homes for sale to 10,650.
The market continues to favor buyers, with the overall sales-to-active listings ratio sitting at 11%. A balanced market is typically defined as a ratio between 12% and 20%. This means that sellers are needing to put in more effort to meet buyers’ expectations, such as realistic pricing and home staging. On average, single-family detached homes and condos are selling in about 38 days, while townhomes are moving a bit faster at 35 days. The composite benchmark price for all property types in the Fraser Valley decreased by 0.7% in July to $944,800.
Benchmark prices across the board saw a slight decrease from June. The benchmark price for a detached home is $1,451,100, a 0.5% decrease from June 2025. Townhomes are at $814,900, down 1.2%, and apartments are at $519,300, a 1.4% decrease.
If you’d like to chat more about what these trends mean for you, let’s grab a coffee or a beer!
See Listed Properties For Sale in Langley BC
If you are considering selling, buying or just have questions about the market, please give us a call today and let’s chat.What Does The Fraser Valley Real Estate Board Have To Say?
SURREY, BC – Market conditions are ideal for Fraser Valley home buyers this summer, but the persistent gap between buyers’ and sellers’ price expectations continues to suppress sales.
The Fraser Valley Real Estate Board recorded 1,190 sales on its Multiple Listing Service® (MLS®) in July, down half a per cent from June and down three per cent year-over-year. July sales were 23 per cent below the 10-year average.
The supply of homes for sale dipped slightly in July, down two per cent from June to 10,650, nearly 50 per cent above the 10-year seasonal average. New listings declined five per cent over June to 3,453. The Fraser Valley remains in a buyer’s market with an overall sales-to-active listings ratio of 11 per cent; the market is considered balanced when the ratio is between 12 per cent and 20 per cent.
“Home sellers are having to work harder than they did a year or two ago,” said Tore Jacobsen, Chair of the Fraser Valley Real Estate Board. “In a market where buyers are cautious and have ample choice, successful sellers are going the extra mile to meet buyers where they’re at—staging their home, handling repairs up front, and most importantly, pricing their homes realistically for the current market conditions.”
Across the Fraser Valley in July, the average number of days to sell both a single-family detached home and a condo was 38 days. Townhomes took, on average, 35 days to sell.
“The housing market, like other sectors, continues to process the effects of the ongoing tariff threats,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “The slowdown in home sales this spring and summer has largely been driven by uncertainty and fear. Buyers and sellers are taking measures to offset the anticipated impacts, knowing that the economic effects of tariffs will likely take some time to be fully realized throughout the system.”
The composite Benchmark price in the Fraser Valley decreased 0.7 per cent in July, to $944,800.
MLS® HPI Benchmark Price Activity
• Single Family Detached: At $1,451,100, the Benchmark price for an FVREB single-family detached home decreased 0.5 per cent compared to June 2025 and decreased 5.1 per cent compared to July 2024.
• Townhomes: At $814,900 the Benchmark price for an FVREB townhome decreased 1.2 per cent compared to June 2025 and decreased 4.0 per cent compared to July 2024.
• Apartments: At $519,300 the Benchmark price for an FVREB apartment/condo decreased 1.4 per cent compared to June 2025 and decreased 5.8 per cent compared to July 2024.
Find the July 2025 Statistics Package HERE.
