The Fraser Valley buyer’s market is becoming more apparent as homebuyers gain more leverage. For the first time in months, buyers are benefiting from a larger selection of homes and softening prices. This shift is providing greater opportunities for those looking to purchase in the Fraser Valley. Here’s everything you need to know.
Fraser Valley Sales Numbers Show Buyer Advantage
In February 2025, the Fraser Valley saw 920 home sales, which is a 13% increase from January. However, it’s still 26% below the number of sales from the same month last year. Despite this drop, the trend is moving toward a buyer’s market.
More Homes Available for Buyers
The number of new listings in February fell by 9%, but new listings still remained 14% above the 10-year seasonal average, at 3,121 homes. Total active listings in the region stood at 8,070, which is 45% higher than in February 2024. More inventory means that buyers have a larger selection to choose from.
Fraser Valley is a Clear Buyer’s Market
With the sales-to-active listings ratio at just 11%, the Fraser Valley is firmly in a buyer’s market. A typical balanced market would see a ratio between 12% and 20%. This lower ratio signals that buyers have more room to negotiate, giving them more power in the market.
Homes Taking Longer to Sell in the Fraser Valley
Homes are taking longer to sell, which is another sign that buyers have more time to make decisions. Single-family detached homes averaged 39 days on the market in February. Condos took 36 days, while townhomes took 32 days. This extra time gives buyers more flexibility.
Price Adjustments in Fraser Valley
The overall price in the Fraser Valley dropped slightly in February. The benchmark price for homes fell by 0.2%, now sitting at $962,500. Prices in specific categories saw minor changes:
- Single-family homes: $1,489,100 (0.5% increase from January)
- Townhomes: $820,600 (0.7% decrease from January)
- Condos: $533,200 (0.3% decrease from January)
What Does This Mean for Buyers?
For those looking to buy a home in the Fraser Valley, now is a good time to explore the market. With more homes available, and prices continuing to soften, buyers can take their time making decisions. The shift to a Fraser Valley buyer’s market provides plenty of opportunities, especially if the current trend continues.
For more details on Fraser Valley real estate, check out the full report from the Fraser Valley Real Estate Board and the latest market data.