SURREY, British Columbia, Nov. 04, 2025 (GLOBE NEWSWIRE) — Home sales in the Fraser Valley rose for the second month in a row in October, a sign that some buyers may be responding to a gradual decline in prices.
The Fraser Valley Real Estate Board recorded 1,123 sales on its multiple listing service.® (MLS®) in October, up 17 percent from September but down 16 percent in sales compared to the same month last year.
After a brief surge in September, new listings slowed in October, down 14 percent month-over-month and seven percent year-over-year to 2,967. Total inventory remains well above seasonal norms for the Fraser Valley, with 10,121 active listings, down four percent from September but up 15 percent from last year.
“Motivated sellers are responding to an increasingly competitive market with more realistic pricing strategies,” said Tore Jacobsen, chairman of the Fraser Valley Real Estate Board. “As a result, we are seeing lower prices, a shift that helps make sales easier in a slower market.”
Fraser Valley remains firmly in a buyer's market, with an overall sales to active listings ratio of 11 percent in October, up from nine percent in September. The modest increase reflects rising sales along with a slight decline in inventories. A balanced market is usually defined by a ratio of 12 to 20 percent.
In October, the average number of days to sell for both detached homes and condos in the Fraser Valley was 42 days; and for a townhouse – 37 days.
“While these early signs are encouraging, a return to seasonal average sales levels will take time,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “As new supplies become available and retailers adapt to changing dynamics, we expect the market to respond accordingly.”
The composite base price of a typical Fraser Valley home fell 0.7 percent in October to $919,900.
MLS® HPI price activity indicator
- Single family: The FVREB base price is $1,411,900. detached for one family homes were down 0.6 percent from September 2025 and down 5.1 percent from October 2024.
- Townhouses: The FVREB base price is $786,000. townhouse down 1.2 percent from September 2025 and down 5.6 percent from October 2024.
- Apartments: The FVREB base price is $506,400. apartment/apartment down 0.8 percent from September 2025 and down 6.8 percent from October 2024.
*The Fraser Valley Real Estate Council is an association of over 5,100 real estate professionals who live and work in the British Columbia communities of Abbotsford, Langley, Mission, North Delta, Surrey and White Rock.
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