Image: Homebuyers are taking their time with the vast array of real estate options across the Fraser Valley in April 2025. / FVREB

By Alyssa Conti

REAL ESTATE INVENTORY

April listings and stable prices struggle to attract buyers in parts of Fraser Valley: FVREB

May 2, 2025 | 2:16 PM

ABBOTSFORD — More than 10,000 active listings are now up on the Fraser Valley real estate market– but there haven’t been a lot of takers, at least not in April.

Data from the Fraser Valley Real Estate Board (FVREB) shows a buyer’s market in the region, with a ratio of 10 per cent. Those figures are reflected in cities like Abbotsford and Mission, where only a total of 167 homes were sold against 1,829 listings. Both areas’ sales decreased by nearly 40 per cent compared to April 2024.

“Tariffs and economic uncertainty continue to weigh heavily on the minds of home buyers in the Fraser Valley,” said Baldev Gill, CEO of the FVREB. “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.”

Source: FVREB

Buyers across the Valley are also taking their time with the wide array of options. The average number of days to sell a single-family detached home was 32, while it was slightly lower for both townhomes and condos, at 29 days.

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“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 FVREB. “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.”

For now, the shift is causing home prices to go down. The average Abbotsford home cost $777,200 in April, down by 3 per cent from last year. In Mission, prices went down to $934,600. The composite Benchmark price in the Fraser Valley decreased 3.5 per cent year-over-year, to $972,700.