Fraser Valley Real Estate Update – September 2025: Buyers Still in Control as Prices Slide

by Alex Maldeis PREC* • October 2, 2025 • 12:57 PM

We’re heading into fall, and the Fraser Valley market is still firmly tilted toward buyers. Inventory remains at decade-high levels, prices continue to soften, and while sales saw a small lift from August, activity overall is well below historical averages.

Here’s what you need to know.

Key Stats at a Glance

• Sales: 962 homes sold in September — up 3.3% from August, but down 2% year-over-year.

• New Listings: 3,447 new listings — a 23% jump from August, and up 3% year-over-year.

• Active Listings: 10,583 homes on the market — the highest in over a decade and up 17% from Sept 2024.

Benchmark Prices:

• Detached: $1,420,000 (↓ 1.2% from August, ↓ 5.4% YoY)

• Townhomes: $795,600 (↓ 1.5%, ↓ 4.7% YoY)

• Condos: $510,400 (↓ 0.7%, ↓ 6.3% YoY)

What’s Happening?

We’re deep in buyer’s market territory, with a sales-to-active listings ratio of just 9%. For context, a balanced market typically sits between 12% and 20%.

Properties are taking time to move — in September, detached homes averaged 37 days on market, townhomes 38 days, and condos 39 days before selling.

What’s Driving the Shift?

The Fraser Valley Real Estate Board points to a mix of factors: elevated supply, weaker buyer confidence through the summer, and broader economic uncertainty. However, softening prices may be drawing some buyers back — sales were slightly stronger in September compared to August.

Board Chair Tore Jacobsen put it this way: “While recent economic uncertainty seems to have weighed more heavily here in the Fraser Valley, some buyers are beginning to re-engage in the market, a positive signal heading into the fall.”

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My Take

If you’re selling right now:

• Price strategically. Overpricing will push buyers to competing listings.

• Showcase your home. Repairs, staging, and strong marketing matter more than ever.

• Be patient. With more inventory available, buyers are taking their time.

If you’re buying:

• The market favours you. You have more choices, less competition, and room to negotiate.

• Timing is on your side. With prices continuing to edge down, it’s worth exploring opportunities before momentum shifts again.

Want to Talk Strategy?

Whether you’re buying, selling, or investing, I’ll help you build a plan that fits today’s market — and tomorrow’s opportunities.

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