📉💰 Six Months of Softening Prices—And What It Means for Your Next Move
The September 2025 real estate statistics are in, and they tell a story that's important whether you're thinking about buying, selling, or simply keeping an eye on your home's value here in the Fraser Valley.
As someone who works daily with families throughout Langley, Surrey, South Surrey, and White Rock I'm seeing firsthand how this market shift is creating real opportunities—but only for those who understand what's actually happening and are prepared to act strategically.
Let me walk you through the numbers and, more importantly, what they mean for you.
📊🤝 The Big Picture: A Clear Buyer's Market
The Fraser Valley Real Estate Board just released September's statistics, and the headline is straightforward: home prices continued their downward trend for the sixth consecutive month, while inventory remains at decade-high levels.
Here are the key numbers:
Benchmark price for a typical Fraser Valley home: $926,300 (down 1% from August, down 5.4% year-over-year)
Total sales in September: 962 (up 3% from August, but still 28% below the 10-year average)
Active listings: 10,583 (up 17% from September 2024)
Sales-to-active listings ratio: 9% (a balanced market sits between 12-20%)
That 9% ratio is significant. It confirms we're firmly in a buyer's market as I’ve been sharing recently—meaning there are more homes available than there are active buyers, which shifts negotiating power decisively toward purchasers.
🏡🏘️🏢 Breaking Down Property Types: Where the Opportunities Are
Let's look at the specific numbers for different property types, because this is where strategy really matters:
Single-Family Detached Homes
Benchmark price: $1,420,000 (down 1.2% from August, down 5.4% year-over-year)
September saw 344 detached home sales across the Fraser Valley, with homes taking an average of 37 days to sell. There are currently 3,758 active listings—giving buyers genuine selection.
What this means: If you're selling a detached home, pricing competitively from day one is critical. If you're buying, you have time to be selective and negotiate terms that work for you.
Townhomes
Benchmark price: $795,600 (down 1.5% from August, down 4.7% year-over-year)
Townhomes recorded 244 sales in September, with an average of 38 days on market. Active inventory stands at 1,833 listings—up 29.2% from last year.
What this means: Townhomes are seeing significant inventory growth, which creates strong opportunities for first-time buyers, young families, and downsizers looking for low-maintenance living.
Condos/Apartments
Benchmark price: $510,400 (down 0.7% from August, down 6.3% year-over-year)
The condo market saw 262 sales in September, averaging 39 days to sell. With 2,599 active listings (up 15.3% year-over-year), buyers have the most choice they've seen in years.
What this means: If you've been priced out of townhomes or detached homes, the condo market is offering both selection and improved affordability.
📍 Local Market Breakdown: What's Happening in Your Community
Let me share what I'm seeing in the specific communities I serve:
Langley
Detached homes: Benchmark $1,576,300 (median $1,432,950)
Townhomes: Benchmark $839,600 (median $826,405)
Condos: Benchmark $579,700 (median $552,000)
Langley saw 68 detached sales, 59 townhome sales, and 66 condo sales in September. The significant increase in active listings (539 detached, 330 townhomes, 589 condos) means buyers finally have options after years of limited inventory.
South Surrey & White Rock
Detached homes: Benchmark $1,777,900 (median $1,625,000)
Townhomes: Benchmark $906,800 (median $882,000)
Condos: Benchmark $593,100 (median $595,000)
This area recorded 41 detached sales, 29 townhome sales, and 49 condo sales. The premium location near the ocean and border continues to command higher prices, but year-over-year declines (8.1% for detached, 6.0% for townhomes, 8.2% for condos) represent real savings for prepared buyers.
Surrey (Combined: North, Central, Cloverdale)
Detached homes: Benchmark $1,521,300 (average $1,623,733)
Townhomes: Benchmark $816,000 (average $811,481)
Condos: Benchmark $498,100 (average $540,715)
Surrey's diverse neighbourhoods recorded strong activity with 155 detached sales, 136 townhome sales, and 123 condo sales. The variety of price points across Surrey's sub-markets offers something for almost every budget.
👋🔑 Why Buyers Are Starting to Re-Engage
Here's what's particularly interesting: while prices continue to decline, sales actually increased 3% from August to September. This suggests that softening prices are bringing some buyers back to the market.
As Tore Jacobsen, Chair of the Fraser Valley Real Estate Board, noted: "As prices continue to weaken, the market is showing hopeful signs of renewed confidence. 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."
From my perspective working directly with buyers, I'm seeing this firsthand. After months of watching and waiting, buyers who have their finances in order are recognizing that today's combination of improved selection, lower prices, and reduced competition creates genuine opportunity.
🔄🏠 The Return of Sellers—And What It Means
After many sellers sat out the summer months, September saw new listings jump 23% month-over-month to 3,447 listings. This is significant.
For buyers: More inventory means more choice. You're not forced to compromise on location, features, or condition because "it's all that's available."
For sellers: Increased competition means you need to be strategic. Your home needs to be priced right, presented well, and marketed effectively. The days of listing at any price and receiving multiple offers within 48 hours are behind us—at least for now.
💪🧠 What This Market Demands: Strategy Over Emotion
Whether you're buying or selling in this market, success comes down to preparation and realistic expectations.
If you're buying:
Get pre-approved first. In a market with more negotiating room, sellers want to know you're serious and capable of closing. Pre-approval gives you credibility and confidence.
Take your time, but don't overthink it. Yes, you have more time to decide than you would have had a year ago. But well-priced properties in desirable locations still attract attention. When you find the right fit, be ready to act.
Negotiate strategically. This doesn't mean low-balling every listing. It means understanding market value, identifying properties that have been sitting longer, and crafting offers that are fair but favourable to your interests.
If you're selling:
Price it right from day one. With 10,583 active listings, buyers have options. Overpricing means you'll sit on the market while buyers tour fresher listings, and you'll likely end up accepting less than if you'd priced competitively initially.
Presentation matters more than ever. When buyers have time to be selective, they're comparing condition, updates, and overall appeal. Small investments in staging, repairs, and curb appeal can make a significant difference.
Be realistic about timing. With homes averaging 37-39 days on market, plan accordingly. If you need to sell before buying your next home, factor this timeline into your planning.
👀🔮 Looking Ahead: What to Watch For
The Fraser Valley market is at an interesting inflection point. We have:
Sustained high inventory (decade-high levels)
Six months of consecutive price declines
Signs of renewed buyer activity
Economic uncertainty that's affecting confidence
As Baldev Gill, CEO of the Fraser Valley Real Estate Board, noted: "It is unreasonable to single out any one factor or policy driving today's market dynamics. That said, there is a growing consensus within the housing and development sector calling for greater measures to incentivize investors to help drive new supply growth, which would certainly have a positive impact on affordability."
The question moving into fall and winter is whether buyer re-engagement continues, stabilizing prices, or whether we see further softening as inventory remains elevated.
✅💼 The Bottom Line: This Is a Market That Rewards Preparation
After years of working with families across the Fraser Valley through various market conditions, here's what I know: the best outcomes don't happen by accident. They happen when buyers and sellers understand the market, prepare thoroughly, and act strategically.
Right now, we have a buyer's market with genuine opportunities for well-prepared purchasers and realistic challenges for sellers who aren't properly positioned.
If you're thinking about making a move—whether buying your first home, upsizing, downsizing, or selling to relocate—the key is understanding how these market dynamics specifically affect your situation and your goals.
My commitment to you is straightforward: I'll provide honest, data-driven guidance based on current market conditions, connect you with the right professionals to support your financial planning, and advocate for your best interests throughout the process.
Whether we're looking at specific listings in Langley/Surrey/White Rock, evaluating what your current home is worth in today's market, or discussing the best timing for your next move, let's have a conversation grounded in reality and focused on your success.
The September numbers tell us where we are. Together, we can map out where you want to go—and the smartest path to get there.
Want to discuss how these market trends affect your specific situation? Let's sit down and review your goals. Whether you're six months away from making a move or ready to list next week, understanding the current market dynamics is the first step to a successful outcome.
Evan Bird is a trusted real estate advisor serving Langley, Surrey, South Surrey, and White Rock. With a background as a firefighter and extensive renovation expertise, Evan brings a unique perspective to helping clients navigate their real estate journey with confidence and clarity.
📊🔍 September 2025 Fraser Valley Real Estate Stats at a Glance
Overall Market:
Total Sales: 962 (up 3% from August, down 2% year-over-year)
New Listings: 3,447 (up 23% from August)
Active Listings: 10,583 (up 17% from September 2024)
Benchmark Price: $926,300 (down 5.4% year-over-year)
Sales-to-Active Ratio: 9% (buyer's market)
Property Type Benchmarks:
Detached Homes: $1,420,000 (down 5.4% year-over-year)
Townhomes: $795,600 (down 4.7% year-over-year)
Apartments/Condos: $510,400 (down 6.3% year-over-year)
Average Days on Market:
Detached: 37 days
Townhomes: 38 days
Condos: 39 days
Source: Fraser Valley Real Estate Board, September 2025 Statistics Package