Where Did The Spring Market Go?

Insights from Your Local Fraser Valley Realtor

After a quiet spring start, the Fraser Valley real estate market experienced a slight but welcome lift in May. While year-over-year numbers still reflect a slower market, rising sales and growing inventory are shaping what many are calling a transitional moment.

Let’s take a closer look at what’s happening across the region—and what it means for buyers and sellers.

🏡 Market Activity on the Rise…But Still Cautious

According to the Fraser Valley Real Estate Board, 1,183 properties were sold in May 2025—an increase of 13% from April. Although this marks a positive shift, sales were still:

• 🔻 22% lower than May 2024
• 🔻 36% below the 10-year seasonal average

So, while activity is moving in the right direction, buyers and sellers alike are navigating a more conservative environment.

📊 Fraser Valley by the Numbers

• New Listings: 4,007 (up 7% from April)
• Total Active Listings: 10,626 (up 6% from April, and a huge +34% year-over-year)
• Sales-to-Active Listings Ratio: 11% → firmly a buyer’s market

Homes are still moving—but only when priced right. Properties that match current market expectations are selling, while others sit or are pulled off the market altogether.

💰 Benchmark Prices – Fraser Valley (May 2025)

• Detached Homes: $1,481,900 (↓ 1.6% from April / ↓ 3.2% year-over-year)
• Townhomes: $832,800 (↓ 0.03% from April / ↓ 2.5% year-over-year)
• Condos/Apartments: $532,700 (↓ 0.9% from April / ↓ 4.0% year-over-year)
• Composite (All Property Types): $963,200 (↓ 1.0% from April)

This dip in pricing reflects affordability pressures, rate sensitivity, and the effects of increased inventory.

🧭 What Buyers & Sellers Should Know

✅ For Buyers:

• More inventory = more choice. With listings up 34% from last year, this is your chance to find a home that really fits your needs.
• Prices are softening, giving you potential negotiating room.
• Many sellers are motivated, especially those who are relocating or already bought elsewhere.

✅ For Sellers:

• Pricing matters more than ever. Buyers are cautious and have options.
• Homes that are well-priced and well-presented are still selling—those that aren’t are being overlooked.
• Consider market timing and preparation if you’re not in a rush.

🗣️ Final Thoughts from a Fraser Valley Realtor

We’re in a shifting market, not a stagnant one. With more listings, moderate pricing, and selective buyers, the key is strategy. Whether you’re looking to upsize, downsize, or just understand where you stand—now is the time to plan ahead.

Need expert advice or a market analysis for your specific area? I’m here to help. Let’s talk about your goals and make sure you’re prepared—whichever direction the market heads next.