Fraser Valley Real Estate Update – July 2025: Buyers Hold the Cards as Market Cools

We’re well into the summer season, and as expected, the Fraser Valley market is showing signs of the typical seasonal slowdown. But this year, there’s more at play than just the summer lull.

Here’s what you need to know.

Key Stats at a Glance:

• Sales: 1,190 homes sold in July — down 0.4% from June and 3.3% year-over-year.

• New Listings: 3,453 new listings hit the market (down 4.6% from June).

• Active Listings: Inventory remains elevated at 10,650 — 50% higher than the 10-year average.

• Benchmark Prices:

  • Detached: $1,451,100 (↓ 0.5% from June)

  • Townhomes: $814,900 (↓ 1.2%)

  • Condos: $519,300 (↓ 1.4%)

What’s Happening?

We’re in a buyers’ market with a sales-to-active listings ratio sitting at 11%. For context, a balanced market typically falls between 12% and 20%. So, if you’re a buyer, this is an ideal time to explore options with less pressure.

Sellers, on the other hand, are needing to get more strategic. Properties are sitting longer — averaging 38 days to sell for both condos and detached homes, and 35 days for townhomes.

What’s Behind the Shift?

According to the Fraser Valley Real Estate Board, the market isn’t just slowing down because of summer — it’s being impacted by economic uncertainty, including ongoing tariff threats. This is creating hesitation on both sides of the table. Buyers are cautious, and sellers are having to work harder to meet the market — especially when it comes to pricing.

My Take

If you’re planning to sell in the near future, it’s more important than ever to:

• Price realistically based on today’s data — not last year’s.

• Prepare your home to stand out (think repairs, staging, and professional marketing).

• Be patient. Homes are still selling, but buyers are taking their time and being selective.

And if you're buying? You’ve got options, negotiating power, and time on your side.

Want to Talk Strategy?

Whether you’re thinking about buying, selling, or just trying to make sense of the market, I’m happy to walk you through your options and help you build a solid plan.

—
Alex Maldeis
Personal Real Estate Corporation
Top 1% FVREB | RE/MAX Western Canada Top 100
📩 alex@alexmaldeis.ca