April 2025 Fraser Valley Real Estate Board Statistics – Abundant listings and stable prices not enough to drive April sales in the Fraser Valley
SURREY, BC – Home buyers in the Fraser Valley are enjoying a selection of homes for sale not seen in more than a decade. The growing inventory of more than 10,000 active listings means, in many cases, that buyers have time, selection and price negotiation on their side.
“There’s definitely a surge of activity in the market — buyers are out viewing homes and attending open houses,” said Tore Jacobsen, Chair of the Fraser Valley Real Estate Board . “What’s noticeable in the current market is the level of choice. A buyer might see a home they like and then have an opportunity to tour five or ten more just like it, without feeling rushed to make an immediate offer.”
However, despite the abundance of listings and potential buying opportunities, spring sales remain sluggish. The Fraser Valley Real Estate Board recorded 1,043 sales on its Multiple Listing Service® (MLS®) in April, up one per cent from March and down 29 per cent year over year. New listings declined slightly in April, down one per cent from March.
The overall sales-to-active listings ratio indicates a buyer’s market in the Fraser Valley, with a ratio of 10 per cent. The market is considered to be balanced when the ratio is between 12 per cent and 20 per cent.
Across the Fraser Valley in April, the average number of days to sell a single-family detached home was 32, while for both townhomes and condos it was slightly lower at 29 days.
“Tariffs and economic uncertainty continue to weigh heavily on the minds of home buyers in the Fraser Valley,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “However, with the federal election now behind us and a new administration in place, there’s cautious optimism that a fresh approach to strengthening the economy could be on the way, which is welcome news for the real estate sector.”
The composite Benchmark price in the Fraser Valley decreased 0.2 per cent in April, to $972,700.
MLS® HPI Benchmark Price Activity
• Single Family Detached: At $1,506,600, the Benchmark price for an FVREB single-family detached home increased 0.1 per cent compared to March 2025 and decreased 1.3 per cent compared to April 2024.
• Townhomes: At $833,100 the Benchmark price for an FVREB townhome decreased 0.1 per cent compared to March 2025 and decreased 2.4 per cent compared to April 2024.
• Apartments: At $537,800 the Benchmark price for an FVREB apartment/condo decreased 0.6 per cent compared to March 2025 and decreased 3.2 per cent compared to April 2024.
December 2024 The Okanagan Real Estate Statistics – Local Residential Real Estate Activity Ends Year on a Decent Note KELOWNA, B.C. – January 6th, 2025. Residential real estate sales in December reflected typical seasonal activity, offering a positive sign of a potentially more normal real estate market for 2025, reports the Association of Interior REALTORS®…
July 2025 The Okanagan Real Estate Statistics – Local Residential Real Estate Activity Showing Signs of Recovered Momentum KELOWNA, B.C. – August 6th, 2025. Residential real estate sales saw a healthy dose of normal activity after sluggish summer start, reports the Association of Interior REALTORS® (the Association). A total of 1,534 residential unit sales were…
September 2025 Victoria Real Estate Board Statistics – Victoria real estate market finds a healthy balance in autumn A total of 554 properties sold in the Victoria Real Estate Board region this September, 3 per cent fewer than the 571 properties sold in September 2024 and 5.5 per cent more than in August 2025. Sales…
Inventory pressures continue to constrain Victoria real estate market A total of 745 properties sold in the Victoria Real Estate Board region this October, 24.7 per cent fewer than the 990 properties sold in October 2020 and 2.1 per cent fewer than the previous month of September. Condominium sales were down 18.1 per cent…
Fraser Valley real estate market contracts and adapts in response to public health measures to mitigate COVID‐19 SURREY, BC – As anticipated, real estate activity saw a steep decline last month in response to the pandemic lockdown, resulting in one of the slowest Aprils in Fraser Valley history. The Fraser Valley Real Estate Board…
Glimmer of hope for Fraser Valley home buyers as new listings surge in January SURREY, BC – On the heels of the busiest year in history for Fraser Valley real estate, January activity saw the beginnings of a market rebalancing. Overall property sales – still the third highest ever for January – cooled compared…
