Courtesy of Dennis Bowles (FV)

Sustained elevated inventories soften Fraser Valley home prices further, spurring bump in sales

$510,400 apartment DOWN 6.3% year-to-year

$1,420,000 detached DOWN 5.4% year-to-year

10,583 ACTIVE LISTINGS

BENCHMARK PRICES

$795,600 townhouse DOWN 4.7% year-to-year

apartment 2,599 1,833 townhouse

detached 3,758

962 SOLD LISTINGS

3,447 NEW LISTINGS

9.1% SALES TO ACTIVE LISTING RATIO

11.0 MONTHS OF INVENTORY

October 2, 2025 – Home prices in the Fraser Valley continued their downward trend in September, marking the sixth straight month of declines, amid high inventory. The Benchmark price for a typical home in the Fraser Valley dropped one per cent in September to $926,300, down 5.4 per cent year-over-year. The continued softening of prices may be encouraging some buyers back into the market, as the Fraser Valley Real Estate Board recorded 962 sales on its Multiple Listing Service ® (MLS ® ) in September, an increase of three per cent over August. “As prices continue to weaken, the market is showing hopeful

signs of renewed confidence,” said Tore Jacobsen, Chair of the Fraser Valley Real Estate Board. “While recent economic uncertainty seems to have weighed more heavily here in the Fraser Valley, some buyers are beginning to re-engage in the market, a positive signal heading into the fall.” Across the Fraser Valley in September, the average number of days to sell a single-family detached home was 37 days; while for a townhome it was 38 days. Condos took, on average, 39 days to sell. Statistics reflect market activity inSeptember 2025 | Source: FVREB ® Fraser Valley Real Estate Board | Market values stated are of the benchmark of Fraser Valley and surrounding region. Individual 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.

604.671.5371 | DennisBowles.ca DennisBowles@royallepage.ca

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