April 2025 Fraser Valley Market Update: A Buyer’s Market with Growing Opportunity

As we move deeper into spring, the Fraser Valley real estate market continues to evolve—and buyers are finding themselves in an increasingly advantageous position. With inventory levels soaring and prices holding steady, the conditions are ripe for those looking to make a move.

Inventory Hits a Decade-High

For the first time in over 10 years, active listings across the Fraser Valley surpassed 10,000 homes. That level of selection is giving buyers something we haven’t seen in a long time: time and leverage.

“A buyer might see a home they like and then have the opportunity to tour five or ten more just like it, without feeling rushed to make an immediate offer.”
— Tore Jacobsen, FVREB Chair

Even with more listings available, sales remained sluggish, with only 1,043 homes sold in April—up just 1% from March and down 29% year-over-year. This disconnect signals a true buyer’s market, with a sales-to-active listings ratio sitting at 10% (a balanced market typically ranges between 12–20%).

Fraser Valley Pricing Snapshot – April 2025

• Detached Homes: Benchmark price $1,506,600
  ⬆️ Up 0.1% from March | ⬇️ Down 1.3% from April 2024

• Townhomes: Benchmark price $833,100
  ⬇️ Down 0.1% from March | ⬇️ Down 2.4% year-over-year

• Condos: Benchmark price $537,800
  ⬇️ Down 0.6% from March | ⬇️ Down 3.2% year-over-year

Average Days on Market

• Detached Homes: 32 days

• Townhomes & Condos: 29 days

While the average time to sell is still under a month, it’s a far cry from the lightning-speed markets of years past. Buyers are doing their homework, exploring more options, and negotiating with confidence.

Local Highlights

Here’s how a few of the Fraser Valley’s most active communities performed in April:

Langley

• Detached Benchmark: $1,650,700 (⬆️ 0.9% from March)

• Townhomes: $861,800 (⬇️ 0.4%)

• Apartments: $611,200 (⬇️ 0.1%)

South Surrey / White Rock

• Detached Benchmark: $1,910,800 (⬆️ 0.3%)

• Townhomes: $954,400 (⬆️ 0.8%)

• Apartments: $619,400 (⬇️ 1.1%)

Surrey (All areas combined)

• Detached Benchmark: $1,627,800 (⬇️ 0.4%)

• Townhomes: $862,900 (Flat)

• Apartments: $524,000 (⬇️ 0.9%)

What This Means for You

If you’re a buyer, this is a golden opportunity to:

• Shop around with less pressure

• Negotiate price and terms

• Potentially wait out small pricing dips or catch motivated sellers

If you’re a seller, strategy matters more than ever:

• Prepping your home properly (staging, repairs, and pricing) is crucial

• You need strong marketing and savvy negotiation to stand out in a crowded field

I believe preparation wins the deal—whether you’re buying or selling. With more than 10,000 listings out there, the right guidance makes all the difference.

Let’s connect.
Whether you're looking to upsize, invest, or sell strategically, I am here to guide you through every step of the process with market insight and a hands-on approach.