October brings welcome boost to Fraser Valley, but sales still lag seasonal averages.
Fraser Valley home sales increased for the second consecutive month in October, suggesting that some buyers may be responding to gradually easing prices.
The Fraser Valley Real Estate Board recorded 1,123 sales on its Multiple Listing Service® (MLS®) in October – a 17 per cent increase from September, though still 16 per cent below the same month last year.
Following a brief uptick in September, new listings declined in October, down 14 per cent month-over-month and seven per cent year-over-year, totaling 2,967. Overall inventory remains higher than typical for this time of year, with 10,121 active listings, down four per cent from September but up 15 per cent compared to last year.
“Motivated sellers are adjusting to increasingly competitive market conditions with more realistic pricing strategies,” said the Chair of the Fraser Valley Real Estate Board. “As a result, we’re seeing prices soften – a shift that’s helping facilitate sales in a slower market.”
The region continues to sit in buyer’s market territory, with an overall sales-to-active listings ratio of 11 per cent in October, up from nine per cent in September. This modest rise reflects an increase in sales alongside a slight drop in inventory. A balanced market is typically defined by a ratio between 12 and 20 per cent.
Across the Fraser Valley in October, the average number of days to sell a single-family detached home or condo was 42 days, while townhomes averaged 37 days on the market.
“While these early indicators are encouraging, a return to typical seasonal sales levels will take time,” said the CEO of the Fraser Valley Real Estate Board. “As additional supply enters the market and sellers continue adapting to changing conditions, we expect to see further adjustment.”
The composite Benchmark price for a typical home in the Fraser Valley decreased 0.7 per cent in October, to $919,900.
MLS® HPI Benchmark Price Activity
- Single Family Detached: At $1,411,900 the Benchmark price for an FVREB single-family detached home decreased 0.6 per cent compared to September 2025 and decreased 5.1 per cent compared to October 2024.
- Townhomes: At $786,000 the Benchmark price for an FVREB townhome decreased 1.2 per cent compared to September 2025 and decreased 5.6 per cent compared to October 2024.
- Apartments: At $506,400 the Benchmark price for an FVREB apartment/condo decreased 0.8 per cent compared to September 2025 and decreased 6.8 per cent compared to October 2024.
Source: Fraser Valley Real Estate Board
