Fraser Valley Real Estate Update – May 2025: Signs of Life in a Balanced but Competitive Market

After a quieter April, the Fraser Valley real estate market saw a modest lift in May 2025, offering a glimmer of optimism for both buyers and sellers. According to the latest statistics from the Fraser Valley Real Estate Board (FVREB), sales were up 13% month-over-month — signaling a gradual return of buyer confidence.

Langley Market Snapshot

Here in Langley, we’re seeing some notable trends:

• Sales activity was mixed across property types:

  • Detached homes: 74 sales (up from April, but down 43% year-over-year)

  • Townhomes: 75 sales (slightly down from April)

  • Condos: 87 sales (up 14.5% from April)

• Benchmark prices have softened slightly:

  • Detached: $1,632,100 (down 1.1% from April)

  • Townhomes: $863,600 (flat month-over-month)

  • Condos: $605,300 (down 1.0% from April)

• Inventory is climbing, giving buyers more options:

  • Active listings are up over 30% year-over-year across all categories.

What This Means for Langley Buyers and Sellers

For buyers, high inventory levels and small declines in benchmark pricing offer an opportunity to take their time and negotiate with more leverage. However, attractive and well-priced homes are still selling quickly — so preparation and clarity around budget are key.

For sellers, pricing strategy has never been more important. With more listings to compete with, homes that are overpriced are sitting longer, while well-positioned properties are still moving in under 30 days on average.

As a trusted Langley Realtor, I help clients navigate these shifts with confidence — whether you're buying your first condo, moving up to a detached home, or selling your investment property.

Fraser Valley Trends Worth Watching

• The sales-to-active listings ratio is holding at 11%, which places the market firmly in buyer’s territory.

• Detached homes across the Fraser Valley averaged 34 days on market, while townhomes were quickest to sell at 27 days.

• Benchmark prices across the board are down 1% month-over-month and 4% compared to May 2024, signaling a correction but not a collapse.

Final Thoughts

While the Langley real estate market continues to normalize, it’s important to stay informed and act strategically. Whether you're considering a move, investment, or just staying up to date, we're here to provide expert guidance every step of the way.

Want a tailored update for your neighbourhood or property type in Langley?
Get in touch — I’m always happy to help you make sense of the numbers as your go-to Langley Realtor.