Courtesy of Amanda Milford

May brings much-needed lift to Fraser Valley housing market

11.1%

$1,481,900 detached DOWN 3.2% year-to-year

Statistics reflect market activity in May 2025 | Source: FVREB ® Fraser Valley Real Estate Board Market values stated are of the benchmark of Fraser Valley and surrounding region. Individual

$532,700 apartment DOWN 4.0% year-to-year DOWN 2.5% year-to-year $832,800 townhouse

SALES TO ACTIVE LISTING RATIO

9.0

MONTHS OF INVENTORY

10,626

ACTIVE LISTINGS

BENCHMARK PRICES

apartment 2,603 1,831 townhouse

detached 3,851

4,007

NEW LISTINGS

1,183 SOLD LISTINGS

home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

What’s Happening in the Fraser Valley Inventory is climbing fast. Active listings rose 6% last month alone and are now up 34% year over year. In South Surrey and White Rock, active listings increased by 32% in May. There are numerous “For Sale” signs out there. At the same time, sales dropped 31% compared to the previous year, and the average sale price decreased by 5.8%. Only 58 homes sold out of 755 listings—that’s just 7.7%, a strong signal that we’re deep in buyer’s market territory. Let me put it this way: if this market were a potluck dinner, the table is overflowing… but not everyone’s hungry. What It Means If You’re Thinking About Selling This is not the market where you toss up a sign and expect a bidding war. (Those days packed up and left sometime in 2022.) But that doesn’t mean your home won’t sell—it just means it needs to stand out. Buyers have options. They’re walking into five or six showings in a day and comparing everything from staging to paint colour to price. The homes that sell now are the ones that feel like a good decision — visually, financially, and emotionally. So if you’re thinking of listing, let’s talk strategy. We’ll review your timeline, goals, and current data to create a plan that works for you . Because selling in this market isn’t impossible—it just requires a little more skill and a little more style.

If You’re a Buyer? Welcome to the Buffet The good news for buyers is that you can finally take your time and look around without rushing. You can think. You can negotiate. You can take a second showing (imagine that!). Of course, many are still hesitant— understandably so. Job security, cost of living, and future interest rate changes are all real concerns. However, if you’re prepared, this market offers opportunities: less pressure, more selection, and in some cases, very motivated sellers. For My People in the “What Now?” Chapter Many of the families I work with are in a state of transition. The kids have gone off to university or launched into life, and suddenly, you find yourself with empty rooms, quieter dinners, and that strange feeling that it might be time for a change. But when exactly? And what would it even look like? You don’t have to have the answers. You don’t need to know what you’d buy or when. Sometimes, it just starts with a conversation. I’ll bring the coffee. You bring the questions. No pressure. No rush. Just insight, honesty, and a plan that fits your life today—not the market hype. If you’ve been quietly wondering, “Should we do something?”—this is your sign to find out what your options are. I’m always happy to talk things through. Take care, Amanda

COMPLIMENTS OF

604.330.2975 amanda.milford@theagencyre.com AMANDA MILFORD PERSONAL REAL ESTATE CORPORATION

Thank you Niki for referring me to your friends. I truly appreciate your trust and look forward to seeing you at my VIP Event later this year!

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