Image: Realtor.ca / A home for sale at 32500 Verdon Way in Abbotsford, which has been on the market for 104 days.

By Mike Vanden Bosch

Fraser Valley real estate sales

Fraser Valley real estate sales plummet in August vs. July as home prices drop nearly 1%

Sep 10, 2025 | 7:37 AM

FRASER VALLEY — From Abbotsford to White Rock, Fraser Valley home sales plummeted by over 20 per cent in August compared to the month prior.

The Fraser Valley Real Estate Board says there were 931 recorded transactions on its Multiple Listing Service platform in August, a drop of 22 per cent from July 2025, and a 36 per cent decrease vs. the 10-year average.

The board says buyers who did get into the housing market were able to capitalize on favourable conditions like abundant choice, softer prices and more time to make decisions.

The Fraser Valley buyer’s market remains strong with inventory levels holding relatively stable, down just two per cent to 10,445 active listings. Newly listed homes declined 19 per cent month-over-month to 2,793; up half a per cent year-over-year.

“Current market conditions are allowing buyers the opportunity to make bold offers, especially for properties that have been on the market for a while and where sellers may be more motivated,” said Tore Jacobsen, chair of the Fraser Valley Real Estate Board. “As in all transactions, timing is everything and we expect to see more buyers come off the sidelines heading into fall to take advantage of the lower price floor.”

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Across the Fraser Valley in August, the average number of days to sell a condo was 41 days; while for a single-family detached home it was 38 days. Townhomes took, on average, 32 days to sell.

“The economic uncertainty that has shaped the housing market for much of 2025 now seems to have been factored into market dynamics, as evidenced by a sustained softening of prices,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “Some buyers who had been holding off are starting to recognize that waiting for greater certainty could mean missing opportunities, particularly in a market where conditions now clearly favour buyers.”

The composite benchmark price in the Fraser Valley decreased 0.9 per cent in August, to $936,200.