2025 Fraser Valley housing market slowest in over two decades despite falling prices and decade-high inventory
Decade-high inventory and softer prices failed to spark buyer demand in the Fraser Valley in 2025. Despite favorable conditions and increased negotiating power, many buyers stayed on the sidelines, making it one of the slowest years for sales in decades.
On the supply side, buyers had more choice than at any point in the past four decades, as new listings climbed to 37,963.
The composite Benchmark home price in the Fraser Valley closed the year at $905,900, down six per cent year-over-year, and down 24 per cent from the peak in March 2022.
“Ample selection and easing prices gave buyers some of the most meaningful opportunities we’ve seen in recent years,” said Tore Jacobsen, Chair of the Fraser Valley Real Estate Board. “While these conditions favoured motivated sellers in 2025, the hesitancy of many buyers to capitalize reflected the general market climate throughout the province and indeed across the country.”
“The slowdown we saw in 2025 wasn’t just about housing — it reflected broader economic uncertainty felt across the region,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. "Households were navigating affordability challenges, rising costs and tougher mortgage requirements, all of which contributed to a quieter market."
The composite Benchmark price for a typical home in the Fraser Valley continued to slide for the nineth straight month, down 0.7 per cent compared to November.
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