Buyers Gaining Upper Hand in Fraser Valley Real Estate Market

Surrey, BC – Market Conditions Favor Buyers as Inventory Grows

For the first time in four months, home sales in the Fraser Valley have increased, as buyers take advantage of a larger selection of homes and softening prices. The Fraser Valley Real Estate Board (FVREB) recorded 920 sales in February 2025, a 13% increase from January, yet still 26% below February 2024 levels.

While new listings dipped by 9% compared to January, they remained 14% above the 10-year seasonal average, with 3,121 homes hitting the market. The overall inventory remains elevated at 8,070 active listings, representing a 45% increase over February 2024 and a 55% jump above the 10-year seasonal average.

With a sales-to-active listings ratio of 11%, the Fraser Valley real estate market continues to favor buyers. Typically, a balanced market is defined by a ratio between 12% and 20%.

Buyers Have More Leverage in 2025

“The combination of inventory accumulation and softening prices is providing buyers with increased leverage, especially in the single-family detached category,” said Baldev Gill, CEO of FVREB.

He added that if this trend continues, the Fraser Valley could shift further toward a buyer's market, particularly with ongoing economic uncertainties and impending tariffs influencing market dynamics. Buyers now have the flexibility and time to explore options before making a decision.

Home Prices and Selling Time

While prices remained relatively stable, homes sold faster in February compared to January:

• Single-family detached homes: 39 days on the market
• Condos/Apartments: 36 days on the market
• Townhomes: 32 days on the market

The composite Benchmark home price in the Fraser Valley edged up 0.6% to $970,300 in February.

MLS® HPI Benchmark Price Activity

• Single-Family Detached Homes:
  • $1,499,000, up 1.1% from January 2025
  • Up 0.1% from February 2024
• Townhomes:
  • $829,800, up 0.5% from January 2025
  • Down 1% from February 2024
• Apartments/Condos:
  • $538,200, up 0.7% from January 2025
  • Down 1.5% from February 2024

Looking Ahead

With a growing inventory and lingering economic uncertainties, buyers are in a strong position to negotiate favorable terms. If inventory continues to rise and prices remain soft, 2025 may further shift toward a buyer’s market, particularly in the detached home segment.

For those considering purchasing, now may be a prime opportunity to enter the market with more choices and less competition.

Disclaimer:

The information in this blog is for general informational purposes only and should not be considered professional real estate or financial advice. Market conditions fluctuate, and we recommend consulting with a licensed real estate professional for personalized guidance. Data and statistics are sourced from the Fraser Valley Real Estate Board (FVREB) and are subject to change.

For full market statistics and reports, visit: Fraser Valley Real Estate Board.

📍 FVREB Market Stats: Click Here
📍 Property Listings: Click Here
📍 Bank of Canada Interest Rates: Click Here

For personalized real estate advice, contact your local REALTOR®.

Sunny Kaler PREC
REMAX Blueprint Realty