Fraser Valley real estate sales activity levels off as market entersseasonal slowdown

Market conditions are ideal for Fraser Valley home buyers this summer, but the persistent
gap between buyers’ and sellers’ price expectations continues to suppress sales.

The Fraser Valley Real Estate Board recorded 1,190 sales on its Multiple Listing Service® (MLS®) in July,
down half a per cent from June and down three per cent year-over-year. July sales were 23 per cent below
the 10-year average.

The supply of homes for sale dipped slightly in July, down two per cent from June to 10,650, nearly 50 per
cent above the 10-year seasonal average. New listings declined five per cent over June to 3,453. The Fraser
Valley remains in a buyer’s market with an overall sales-to-active listings ratio of 11 per cent; the market is
considered balanced when the ratio is between 12 per cent and 20 per cent.

“Home sellers are having to work harder than they did a year or two ago,” said Tore Jacobsen, Chair of the
Fraser Valley Real Estate Board. “In a market where buyers are cautious and have ample choice, successful
sellers are going the extra mile to meet buyers where they’re at—staging their home, handling repairs up
front, and most importantly, pricing their homes realistically for the current market conditions.”
Across the Fraser Valley in July, the average number of days to sell both a single-family detached home and
a condo was 38 days. Townhomes took, on average, 35 days to sell.

“The housing market, like other sectors, continues to process the effects of the ongoing tariff threats,” said
Baldev Gill, CEO of the Fraser Valley Real Estate Board. “The slowdown in home sales this spring and
summer has largely been driven by uncertainty and fear. Buyers and sellers are taking measures to offset
the anticipated impacts, knowing that the economic effects of tariffs will likely take some time to be fully
realized throughout the system.”

The composite Benchmark price in the Fraser Valley decreased 0.7 per cent in July, to $944,800.
MLS® HPI Benchmark Price Activity

• Single Family Detached: At $1,451,100, the Benchmark price for an FVREB single-family detached
home decreased 0.5 per cent compared to June 2025 and decreased 5.1 per cent compared to July
2024.
• Townhomes: At $814,900 the Benchmark price for an FVREB townhome decreased 1.2 per cent
compared to June 2025 and decreased 4.0 per cent compared to July 2024.
• Apartments: At $519,300 the Benchmark price for an FVREB apartment/condo decreased 1.4 per
cent compared to June 2025 and decreased 5.8 per cent compared to July 2024.

Rick enjoys keeping up on sale trends, call to discuss how he can serve you in your realestate needs. 778-389-2164