Courtesy of Dennis Bowles (FV)

May brings much-needed lift to Fraser Valley housing market

532,700 apartment DOWN 4.0% year-to-year

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

10,626 ACTIVE LISTINGS

BENCHMARK PRICES

$832,800 townhouse DOWN 2.5% year-to-year

apartment 2,603 1,831 townhouse

detached 3,851

1,183 SOLD LISTINGS

4,007 NEW LISTINGS

11.1% SALES TO ACTIVE LISTING RATIO

9.0 MONTHS OF INVENTORY

BC, June 3, 2025 – The Fraser Valley Real Estate Board recorded 1,183 sales on its Multiple Listing Service® (MLS®) 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. “High inventory in the Fraser Valley is giving buyers more choice, but it also means sellers are facing more competition,” said Tore Jacobsen, Chair of the Fraser Valley Real Estate Board. “We’re seeing that homes priced appropriately for today’s market are selling, while sellers who aren’t in a rush are choosing to hold off or stand firm on pricing and wait for more favourable conditions.”

The overall sales-to-active listings ratio of 11 per cent indicates the Fraser Valley remains in a buyer’s market. The market is considered balanced when the ratio is between 12 per cent and 20 per cent. 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.

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 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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