As we step into the heart of summer, the Fraser Valley real estate market continues to shift in favour of buyers. Although official statistics for July 2025 are expected later this week, the most recent June data paints a clear picture of a market that’s finding balance through slower activity, rising inventory, and softening prices.

📉 Benchmark Prices Drop Again

According to the Fraser Valley Real Estate Board (FVREB), benchmark prices declined across all major property types in June:

Prices have now been trending downward for several months, reflecting a market where buyers have more options, and sellers must price competitively to attract attention.

🧮 Inventory Builds While Sales Lag

• 1,195 homes were sold in June — a slight 1% increase from May, but still 9% below the same time last year.

• Active listings reached nearly 11,000, representing a 30% increase from June 2024.

• The sales-to-active ratio held steady at around 11%, indicating a buyer’s market (balanced markets range from 12–20%).

Homes are also sitting longer on the market:

• Detached: ~35 days

• Townhomes: ~30 days

• Condos: ~39 days

These numbers confirm what many in the industry are feeling: the urgency is gone, and buyers are willing to wait for the right deal.

⏳ Looking Ahead: When Will July Stats Be Released?

The FVREB typically releases monthly market statistics during the first week of the following month. That means July’s full report will likely drop within the next few days, and we’ll update this space as soon as it's available.

✅ Final Thoughts

The Fraser Valley real estate market in mid-2025 is navigating a clear transition from the hyper-competitive conditions of recent years into something far more balanced—if not tipped in favour of buyers.

The data tells a consistent story: Elevated inventory levels, softened pricing, and a longer time on market are creating conditions we haven’t seen in nearly a decade. While this may cause concern for some sellers, it also represents a much-needed opportunity for stability, especially for first-time buyers and move-up purchasers who were previously priced out.

But this isn’t just a “buyer’s market”—it’s a strategic market.

For Buyers:

Yes, prices are lower and inventory is abundant—but don’t assume the perfect deal will fall into your lap. The best opportunities still go quickly, especially if they’re well-priced, renovated, or in high-demand areas. Getting pre-approved, knowing your ideal neighborhoods, and acting confidently when the right home hits the market will set you apart from passive browsers.

For Sellers:

The good news? Homes are still selling. But the days of “list it high and wait” are over. Today’s buyers are discerning, informed, and price-sensitive. If you’re selling in this environment, accurate pricing, strong marketing, and professional presentation are non-negotiable. Homes that check those boxes still sell quickly—often with multiple offers if priced right.

Big Picture:

Looking ahead, the rest of 2025 will depend heavily on a few key variables:

• Interest Rates: If the Bank of Canada cuts rates further this year, we may see renewed activity heading into the fall.

• Inflation & Employment: Slower inflation and stable employment numbers would boost buyer confidence.

• Immigration & Housing Policy: Ongoing population growth and policy changes at the provincial or federal level could also re-ignite demand.