Early fall momentum slows as Fraser Valley sales dip in November
Whoa! December already! As expected, the Fraser Valley market moved into its traditional year-end rhythm in November, with sales easing slightly by 16% as families focus on the holidays. However, this cooling period is actually creating a compelling environment for determined buyers and strategic sellers. With the overall Benchmark Price dipping slightly again to $912,400, affordability is incrementally improving, offering a fantastic entry point for those ready to capitalize on the season.
For buyers, this environment is welcome. We finished November with a staggering 9,201 active listings—a massive inventory pool that sits nearly 50% above the 10-year average. This abundance of choice, coupled with a 10% sales-to-active ratio, means you hold the negotiating power and have the luxury of time, with detached homes averaging 52 days on the market. Smart money is already moving: Abbotsford detached sales surged by 9.3% last month, demonstrating clear demand for the incredible value found in areas like the $900,000 to $1,000,000 range.
And the news is just as merry and bright for sellers with the right strategy! While the overall market cools, highly localized hotspots prove that demand is strong for desirable properties. We saw Mission detached sales rocket up 31% month-over-month, showing powerful momentum in the $800,000 to $900,000 band (a Seller’s Market!). Likewise, townhome and condo sellers in Langley and Cloverdale found competitive success, especially those priced in the $600,000 to $900,000 ranges. These pockets of intense activity confirm that strategic pricing is the key to a successful, quick sale before the spring rush begins. Let’s connect soon to ring in the holidays and put the finishing touches on your end-of-year real estate plan! HO HO HO!
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 – Easing prices and abundant inventory weren’t enough to entice buyers to the Fraser Valley market in November, as sales declined in line with seasonal buying patterns.
The Fraser Valley Real Estate Board recorded 943 sales on its Multiple Listing Service® (MLS®) in November, a 16 per cent decrease from October, and 17 per cent below sales from the same month last year.
New listings slowed again in November, down 26 per cent month-over-month and seven per cent yearover-year, to 2,210. Overall inventory remains well above seasonal norms for the Fraser Valley, with 9,201 active listings, down nine per cent from October and 47 per cent above the 10-year seasonal average.
“Affordability concerns and economic pressures are weighing heavily on many Fraser Valley households,” said Tore Jacobsen, Chair of the Fraser Valley Real Estate Board. “Our REALTORS® understand how personal and complex these decisions are. But there are encouraging signs for buyers. Composite prices are closer to early-2023 levels, inventory has improved, and there is more space to negotiate than we’ve had in recent years.”
The Fraser Valley remains firmly in a buyer’s market, with an overall sales-to-active listings ratio of 10 per cent in November, down one per cent from October. A balanced market is typically defined by a ratio between 12 and 20 per cent.
Across the Fraser Valley in November, the average number of days to sell a single-family detached home was 52 days, while for a condo it was 41 days. Townhomes took, on average, 37 days to sell.
“With mortgage conditions tightening, buyers are encountering increased scrutiny and higher down payment expectations from lenders,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “These constraints can delay transactions and influence overall activity in the market. That’s why working with an experienced REALTOR® is critical — someone who understands the landscape and can guide clients through these obstacles with confidence.”
The composite Benchmark price for a typical home in the Fraser Valley decreased 0.7 per cent in November, to $912,400.
MLS® HPI Benchmark Price Activity
• Single Family Detached: At $1,405,500 the Benchmark price for an FVREB single-family detached home decreased 0.6 per cent compared to October 2025 and decreased 5.4 per cent compared to November 2024.
• Townhomes: At $778,700 the Benchmark price for an FVREB townhome decreased 0.8 per cent compared to October 2025 and decreased 6.8 per cent compared to November 2024.
• Apartments: At $496,500 the Benchmark price for an FVREB apartment/condo decreased one per cent compared to October 2025 and decreased 6.9 per cent compared to November 2024.
Find the November 2025 Statistics Package HERE.
Whether you’re buying, selling, or simply seeking to feel more at home, we’re here to help you every step of the way.
