Image: Realtor.ca / An Abbotsford home for sale with an asking price of $2.89 million, located at 35386 Doneagle Place.

By Mike Vanden Bosch

Fraser Valley real estate sales

Fraser Valley housing sales rise double digits as single-family home prices drop

Jun 3, 2025 | 8:52 AM

FRASER VALLEY — Home sales throughout the Fraser Valley rebounded in May with a double-digit increase compared to April, while the benchmark price for single-family homes actually dropped over one per cent.

Representing a region stretching from Abbotsford to White Rock, the Fraser Valley Real Estate Board says it recorded 1,183 sales in May on its Multiple Listing Service (MLS), a 13 per cent increase over April.

On a long-term basis, though, FVREB statistics reveal a 22 per cent drop from May 2024 and a 36 per cent dip compared to the 10-year seasonal average. Inventory numbers continue to grow as active listings were up six per cent in May.

“High inventory in the Fraser Valley is giving buyers more choice, but it also means sellers are facing more competition,” said Tore Jacobsen, chair of the Fraser Valley Real Estate Board. “We’re seeing that homes priced appropriately for today’s market are selling, while sellers who aren’t in a rush are choosing to hold off or stand firm on pricing and wait for more favourable conditions.”

Across the Fraser Valley in May, the average number of days to sell a single-family detached home was 34, while for a condo it was 33 days. Townhomes took, on average, 27 days to sell.

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“Many buyers are taking a wait and see approach, hoping for the economy to improve,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “Job security, inflation, and the cost of living continue to weigh on the minds of many families. As soon as greater confidence begins to return, we could start to see more activity in the market.”

At $1,481,900, the benchmark price for an FVREB single-family detached home decreased 1.6 per cent compared to April 2025. The benchmark price for an FVREB townhouse was relatively unchanged at $832,800, while the benchmark price for an FVREB apartment or condo dropped nearly a per cent to $532,700.

There are over 5,100 realtors in the communities served by the FVREB, including Abbotsford, Langley, Mission, North Delta, Surrey and White Rock.