{"id":73438,"date":"2025-06-04T17:39:49","date_gmt":"2025-06-04T21:39:49","guid":{"rendered":"https:\/\/www.schreders.ca\/blog\/?p=73438"},"modified":"2025-11-24T16:08:10","modified_gmt":"2025-11-24T21:08:10","slug":"fraser-valley-real-estate-market-may-2025","status":"publish","type":"post","link":"https:\/\/www.schreders.ca\/blog\/fraser-valley-real-estate-market-may-2025\/","title":{"rendered":"Fraser Valley Real Estate Market May 2025"},"content":{"rendered":"

May brings much-needed lift to Fraser Valley housing market <\/span><\/h2>\r\n

Following a quieter April, the Fraser Valley saw a modest but encouraging uptick in home sales in May, signaling that buyer confidence might be slowly returning to the market. Overall sales were up 13% from April. While still below last year’s levels and the 10-year seasonal average, our overall inventory continues to build, which is great news for buyers, providing more choice in the market. This also means sellers are facing more competition, but homes priced appropriately are still selling. The entire Fraser Valley market currently sits at an 11% sales-to-active listings ratio, indicating a buyer’s market.

While the composite benchmark price across the Fraser Valley saw a slight decrease in May, our local Langley market demonstrated increased activity. We saw a positive increase in sales for both detached homes (up 10.4% from April) and attached properties (up 7% from April). This heightened activity means properties are moving, with homes selling, on average, very close to their list price (99%) and taking a reasonable 22-23 days to sell. It is important to note that with the buildup of inventory, there are many overpriced homes sitting on the market for far too long.\u00a0 Only those priced sharply are attracting buyers of any kind.

For buyers, the increased inventory across the Fraser Valley means you have more options and potentially more time to find the right property.\u00a0 If you’re looking for detached homes in Langley, there are certain pockets and price points that\u00a0are showing great opportunity. For condos and townhomes there is even greater opportunity as a Buyer.

The market is always evolving, and understanding these trends can make a significant difference in your real estate journey. Whether you’re considering buying, selling, or just curious about what your property might be worth in today’s market, we are here to help you navigate these nuances. Let’s connect for a phone call or a coffee meeting to discuss your unique situation and explore how we can best achieve your real estate goals!<\/p>\r\n

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See Listed Properties For Sale in Langley BC<\/a><\/p>\r\n\r\n\r\nIf you are considering selling, buying or just have questions about the market<\/strong>, please give us a call today and let\u2019s chat<\/a>.\r\n

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What Does The Fraser Valley Real Estate Board Have To Say?<\/p>\r\n\r\n\r\n<\/div>\r\n

SURREY, BC \u2013 On the heels of a quiet April, Fraser Valley home sales saw a modest but encouraging uptick in May \u2014 a sign that buyer confidence may slowly be returning to the market.<\/div>\r\n
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The Fraser Valley Real Estate Board recorded 1,183 sales on its Multiple Listing Service\u00ae (MLS\u00ae) in May, up 13 per cent from April. Despite the increase, sales were 22 per cent below May 2024 levels and 36 per cent below the 10-year seasonal average.<\/div>\r\n
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Overall inventory continues to build, with active listings up six per cent in May, to 10,626, an increase of 34 per cent year-over-year and 54 per cent above the 10-year seasonal average. New listings increased seven per cent from April to May to 4,007.<\/div>\r\n
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\u201cHigh inventory in the Fraser Valley is giving buyers more choice, but it also means sellers are facing more competition,\u201d said Tore Jacobsen, Chair of the Fraser Valley Real Estate Board. \u201cWe\u2019re seeing that homes priced appropriately for today\u2019s market are selling, while sellers who aren\u2019t in a rush are choosing to hold off or stand firm on pricing and wait for more favourable conditions.\u201d<\/div>\r\n
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The overall sales-to-active listings ratio of 11 per cent indicates the Fraser Valley remains in a buyer\u2019s market. The market is considered balanced when the ratio is between 12 per cent and 20 per cent.<\/div>\r\n
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Across the Fraser Valley in May, the average number of days to sell a single-family detached home was 34, while for a condo it was 33 days. Townhomes took, on average, 27 days to sell.<\/div>\r\n
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\u201cMany buyers are taking a wait and see approach, hoping for the economy to improve,\u201d said Baldev Gill, CEO of the Fraser Valley Real Estate Board. \u201cJob security, inflation, and the cost of living continue to weigh on the minds of many families. As soon as greater confidence begins to return, we could start to see more activity in the market.\u201d<\/div>\r\n
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The composite Benchmark price in the Fraser Valley decreased one per cent in May, to $963,200.<\/div>\r\n
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MLS\u00ae HPI Benchmark Price Activity<\/div>\r\n
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\u2022 Single Family Detached: At $1,481,900, the Benchmark price for an FVREB single-family detached home decreased 1.6 per cent compared to April 2025 and decreased 3.2 per cent compared to May 2024.<\/div>\r\n
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\u2022 Townhomes: At $832,800 the Benchmark price for an FVREB townhome decreased 0.03 per cent compared to April 2025 and decreased 2.5 per cent compared to May 2024.<\/div>\r\n
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\u2022 Apartments: At $532,700 the Benchmark price for an FVREB apartment\/condo decreased 0.9 per cent compared to April 2025 and decreased 4.0 per cent compared to May 2024.<\/div>\r\n
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\r\n\r\nFind the May 2025 Statistics Package HERE.<\/span><\/a><\/strong><\/div>\r\n
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Whether you\u2019re <\/b>buying<\/b><\/a>, <\/b>selling<\/b><\/a>, or simply seeking to feel more at home, we\u2019re here to help you every step of the way.<\/b><\/p>\r\n<\/div>\r\n

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