The Fraser Valley real estate market continued to shift in September 2025, creating opportunities — and challenges — for home buyers and sellers alike.

📊 September 2025 Market Snapshot: Softening Prices, Rising Activity

A Changing Market Brings Hope for Buyers

Homeowners and prospective buyers watching the real estate market in Surrey and across the Fraser Valley saw more price adjustments in September — marking the sixth straight month of price declines. According to the latest statistics from the Fraser Valley Real Estate Board (FVREB), the Benchmark price for a typical home dropped by 1% from August, landing at $926,300. This represents a 5.4% year-over-year decrease.

Despite the softening prices, the mood among many buyers appears to be shifting. 962 homes were sold in September, a 3% increase over August. While still 2% lower year-over-year, this slight uptick could signal that buyers are re-entering the market, encouraged by better affordability and increased selection.

🏘️ Inventory at Decade-High Levels — A Buyer’s Market Takes Shape

The most significant takeaway from this month’s stats? Inventory remains extremely high.

• 3,447 new listings were added in September — up 23% month-over-month

• Total active listings reached 10,583, a 17% increase compared to September 2024

• The sales-to-active listings ratio remains low at 9%, confirming we are firmly in buyer’s market territory (a balanced market falls between 12% and 20%)

This environment gives home buyers in Surrey, BC more power and options than they’ve had in years.

🧭 What Does This Mean for Buyers Looking at a House for Sale in Surrey, BC?

If you've been considering buying a home in Surrey, this may be your chance to negotiate a better deal, especially as sellers re-enter the market and face heightened competition.

In my own experience working with families who were priced out just a year or two ago, this kind of market presents a moment of relief. One client I worked with earlier this year had taken a pause from house hunting after multiple bidding wars in 2022 and early 2023. But in September, they were able to negotiate $35,000 below asking price on a detached home in Fleetwood, thanks to higher inventory and longer days on market.

If you’re buying, you don’t need to rush — but you do need to be prepared. Mortgage pre-approval, understanding neighbourhood trends, and working with a local REALTOR® remain key.

To make your search easier, use our advanced, map-based search tools on NextNest.ca — zoom in on Surrey neighbourhoods like Clayton, Panorama Ridge, or South Newton, and instantly view current listings, price changes, and days on market in real time.

📉 Price Trends by Property Type in the Fraser Valley

Let’s break down the MLS® HPI Benchmark Price changes across different housing types in September 2025:

🏡 Single-Family Detached Homes

• Benchmark Price: $1,420,000

• Month-over-Month: ↓ 1.2%

• Year-over-Year: ↓ 5.4%

🏘️ Townhomes

• Benchmark Price: $795,600

• Month-over-Month: ↓ 1.5%

• Year-over-Year: ↓ 4.7%

🏢 Condos / Apartments

• Benchmark Price: $510,400

• Month-over-Month: ↓ 0.7%

• Year-over-Year: ↓ 6.3%

Interestingly, condos have seen the steepest annual decline, perhaps as more buyers opt for detached or townhome living as prices soften.

⏳ Homes Are Taking Longer to Sell — But Buyers Are Still Out There

Across all housing types, average days on market increased slightly:

• Detached homes: 37 days

• Townhomes: 38 days

• Condos: 39 days

This aligns with the cooling pace we’re seeing, but it doesn't mean homes aren’t selling — motivated sellers who price strategically are still closing deals.

🔍 Economic Uncertainty + High Inventory = A Mixed Market

As Tore Jacobsen, Chair of the FVREB, put it:

“As prices continue to weaken, the market is showing hopeful signs of renewed confidence.”

Sellers who sat out the summer returned in September — possibly prompted by more realistic pricing expectations and less competition from over-eager buyers.

Baldev Gill, CEO of the FVREB, also touched on a critical issue:

“There is a growing consensus within the housing and development sector calling for greater measures to incentivize investors to help drive new supply growth...”

The call for more housing supply isn’t new — but with buyers slowly re-engaging and prices falling, the need to address affordability and inventory constraints is more urgent than ever.

💬 Final Thoughts: What Should You Do Now?

Buyers:

• This is your window. With high inventory and falling prices, you have room to shop smart and negotiate.

• Stay mortgage-ready. Interest rates remain a key concern — get pre-approved and explore fixed options if you're worried about fluctuations.

• Use NextNest.ca’s search tools. Explore homes for sale in Surrey, BC using our intuitive map-based property search to easily compare listings by price, location, and features.

Sellers:

• Be realistic with pricing. Overpricing will only extend your days on market.

• Stage and market your home strategically. With more competition, presentation matters more than ever.

• Consider timing. While fall is still active, you may need to adjust expectations if you’re waiting for a spring market rebound.

🏡 Ready to Search for a House for Sale in Surrey, BC?

This is a unique moment in the market. Whether you’re a first-time buyer, downsizing, or just watching for the right opportunity, the sustained shift in Fraser Valley real estate could work in your favour.

🔍 Start your search today at NextNest.ca — use our map-based search to explore live listings across Surrey neighbourhoods and beyond.

📎 Additional Resources

• Fraser Valley Real Estate Board Market Stats

• City of Surrey – Real Estate & Development

• Explore Listings on NextNest.ca

📞 Contact Us

Have questions about buying or selling a house in Surrey, BC?
Reach out anytime:

Sunny Kaler Personal Real Estate Corp.
REMAX Blueprint
📧 Email: Sunny@Kaler.ca
📱 Phone: (778) 320-0002
🌐 Website: www.nextnest.ca

🛑 Disclaimer

This blog post is for informational purposes only and does not constitute financial, legal, or real estate advice. Please consult a licensed REALTOR® or professional advisor before making any real estate decisions.

🏠 About Us

NextNest.ca presented by Sunny Kaler PREC of REMAX Blueprint Realty is your modern solution for searching homes across Surrey and the Fraser Valley. Whether you're buying, selling, or just curious about your local market, we offer powerful, user-friendly tools to help you navigate the housing landscape with confidence.

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