Image: Realtor.ca / A home for sale at 20025 Grade Crescent in Langley.

By Mike Vanden Bosch

Slowest real estate sales in decades

2025 Fraser Valley real estate market slowest in over 2 decades: FVREB

Jan 6, 2026 | 7:56 AM

FRASER VALLEY — Softer price points and nearly record-high inventory weren’t enough to trigger buyer interest and demand throughout the Fraser Valley in 2025.

The Fraser Valley Real Estate Board says despite favourable conditions and increased negotiating power on the part of prospective home buyers, many buyers continue to stay on the sidelines, making 2025 one of the slowest years for sales in decades.

In a statement, the FVREB says it recorded 12,224 sales on its Multiple Listing Service in 2025, a decline of 16 per cent over 2024 and 33 per cent below the 10-year average.

More specifically, the city of Surrey accounted for the majority of 2025 sales at 48 per cent, with Langley and Abbotsford accounting for 24 per cent and 16 per cent respectively.

On the supply side, buyers had more choice than at any point in the past four decades, as new listings climbed to 37,963.

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The composite benchmark home price in the Fraser Valley closed the year at $905,900, down six per cent year-over-year, and down 24 per cent from the peak in March 2022.

“Ample selection and easing prices gave buyers some of the most meaningful opportunities we’ve seen in recent years,” said Tore Jacobsen, chair of the Fraser Valley Real Estate Board. “While these conditions favoured motivated sellers in 2025, the hesitancy of many buyers to capitalize reflected the general market climate throughout the province and indeed across the country.”

December 2025

The Board recorded 919 sales on its MLS^® in December, a decline of 2.5 per cent from November, and 7.5 per cent below sales from December 2024.

In line with seasonal patterns, new listings fell sharply in December, declining 39 per cent month-over-month to 1,350. Overall inventory remained above seasonal norms, ending the year with 6,965 active listings.

The composite Benchmark price for a typical home in the Fraser Valley dropped for the ninth straight month in December, down 0.7 per cent compared to November.

MLS HPI Benchmark Price Activity

• Single Family Detached: At $1,388,400 the Benchmark price for an FVREB single-family detached home decreased 1.2 per cent compared to November 2025 and decreased 6.2 per cent compared to December 2024.
• Townhomes: At $781,300 the Benchmark price for an FVREB townhome increased 0.3 per cent compared to November 2025 and decreased 5.7 per cent compared to December 2024.
• Apartments: At $491,600 the Benchmark price for an FVREB apartment/condo decreased one per cent compared to November 2025 and decreased 7.5 per cent compared to December 2024.

The FVREB represents over 5,000 real estate professionals, and is the main source of statistics and information for the Fraser Valley real estate market including, Surrey, Langley, Abbotsford, Mission, White Rock and North Delta