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Monthly Statistics Package Fraser Valley Real Estate Board May 2025
News Release Fraser Valley Real Estate Board For Immediate Release June 3 2025 May brings much needed lift to Fraser Valley housing market SURREY BC On the heels of a quiet April Fraser Valley home sales saw a modest but encouraging uptick in May a sign that buyer confidence may slowly be returning to the market The Fraser Valley Real Estate Board recorded 1 183 sales on its Multiple Listing Service MLS in May up 13 per cent from April Despite the increase sales were 22 per cent below May 2024 levels and 36 per cent below the 10 year seasonal average Overall inventory continues to build with active listings up six per cent in May to 10 626 an increase of 34 per cent year over year and 54 per cent above the 10 year seasonal average New listings increased seven per cent from April to May to 4 007 High inventory in the Fraser Valley is giving buyers more choice but it also means sellers are facing more competition said Tore Jacobsen Chair of the Fraser Valley Real Estate Board We re seeing that homes priced appropriately for today s market are selling while sellers who aren t in a rush are choosing to hold off or stand firm on pricing and wait for more favourable conditions The overall sales to active listings ratio of 11 per cent indicates the Fraser Valley remains in a buyer s market The market is considered balanced when the ratio is between 12 per cent and 20 per cent Across the Fraser Valley in May the average number of days to sell a single family detached home was 34 while for a condo it was 33 days Townhomes took on average 27 days to sell Many buyers are taking a wait and see approach hoping for the economy to improve said Baldev Gill CEO of the Fraser Valley Real Estate Board Job security inflation and the cost of living continue to weigh on the minds of many families As soon as greater confidence begins to return we could start to see more activity in the market The composite Benchmark price in the Fraser Valley decreased one per cent in May to 963 200 MLS HPI Benchmark Price Activity Single Family Detached At 1 481 900 the Benchmark price for an FVREB single family detached home decreased 1 6 per cent compared to April 2025 and decreased 3 2 per cent compared to May 2024 Townhomes At 832 800 the Benchmark price for an FVREB townhome decreased 0 03 per cent compared to April 2025 and decreased 2 5 per cent compared to May 2024 Apartments At 532 700 the Benchmark price for an FVREB apartment condo decreased 0 9 per cent compared to April 2025 and decreased 4 0 per cent compared to May 2024 30 The Fraser Valley Real Estate Board is an association of 5 100 plus real estate professionals who live and work in the BC communities of Abbotsford Langley Mission North Delta Surrey and White Rock Contact Nikki Hewitt Senior Communications Specialist Fraser Valley Real Estate Board nikki hewitt fvreb bc ca Telephone 604 930 7654 www fvreb bc ca FVREB Stats
MLS Summary Fraser Valley May 2025 All Property Types Grand Totals May 25 May 24 change All Property Types Apr 25 change Grand Totals year to date 2025 2024 change Sales 1 183 1 517 22 0 1 043 13 4 Sales year to date 4 988 6 549 23 8 New Listings 4 007 3 760 6 6 3 762 6 5 New Listings year to date 18 123 15 888 14 1 Active Listings 10 626 7 904 34 4 10 046 5 8 Average Price 978 229 1 066 196 8 3 982 914 0 5 May 25 May 24 change May 25 May 24 change 272 13 6 341 447 23 7 Detached All Areas Combined Sales 405 531 change 23 7 Townhouse Apr 25 316 change 28 2 May 25 May 24 309 change 367 15 8 Apartment Apr 25 Apr 25 change 344 0 9 2 3 New Listings 1 449 1 394 3 9 1 378 5 2 924 827 11 7 808 14 4 1 037 978 6 0 1 061 Active Listings 3 851 2 873 34 0 3 625 6 2 1 831 1 218 50 3 1 676 9 2 2 603 1 851 40 6 2 530 2 9 Benchmark Price 1 481 900 1 530 200 3 2 1 506 600 1 6 832 800 853 800 2 5 833 100 0 03 532 700 555 100 4 0 537 800 0 9 Median Price 1 388 000 1 481 000 6 3 1 434 285 3 2 800 000 850 000 5 9 828 450 3 4 530 000 545 000 2 8 532 250 0 4 Average Price 1 448 225 1 565 126 7 5 1 539 856 6 0 824 811 864 284 4 6 849 516 2 9 545 537 561 310 2 8 552 511 1 3 Abbotsford May 25 May 24 Detached change Townhouse Apr 25 change May 25 May 24 change Apartment Apr 25 change May 25 May 24 change Apr 25 change Sales 78 73 6 8 52 50 0 61 49 24 5 32 90 6 51 74 31 1 44 15 9 New Listings 218 195 11 8 183 19 1 115 106 8 5 103 11 7 162 150 8 0 147 10 2 18 3 485 2 5 251 160 56 9 245 2 4 38 8 Active Listings 497 420 379 273 346 9 5 Benchmark Price 1 202 700 1 240 900 3 1 1 211 600 0 7 660 600 669 900 1 4 655 700 0 7 435 000 451 800 3 7 438 000 0 7 Median Price 1 162 500 1 207 500 3 7 1 207 500 3 7 700 000 739 900 5 4 656 450 6 6 425 000 441 250 3 7 416 000 2 2 Average Price 1 184 974 1 273 186 6 9 1 259 028 5 9 707 436 728 760 2 9 667 284 6 0 446 494 455 325 1 9 445 863 0 1 May 25 May 24 Detached Mission change Townhouse Apr 25 change May 25 May 24 change Apartment Apr 25 change May 25 May 24 change Apr 25 change Sales 42 39 7 7 26 61 5 3 14 78 6 9 66 7 5 8 37 5 4 25 0 New Listings 107 106 0 9 88 21 6 21 14 50 0 14 50 0 24 21 14 3 22 9 1 Active Listings 284 216 31 5 268 6 0 56 29 93 1 42 33 3 53 39 35 9 49 8 2 Benchmark Price 1 019 100 1 046 700 0 2 448 300 1 0 Median Price 993 950 Average Price 1 042 935 Source Fraser Valley Real Estate Board 2 6 1 062 100 4 0 676 100 674 600 0 2 662 200 2 1 453 000 452 300 987 499 0 7 932 500 6 6 674 500 709 950 5 0 642 500 5 0 425 000 400 500 6 1 447 500 5 0 1 046 523 0 3 990 888 5 3 678 133 707 651 4 2 653 268 3 8 433 160 385 125 12 5 443 250 2 3 MLS Summary Page 1 of 3
Detached White Rock South Surrey May 25 May 24 change Townhouse Apr 25 change May 25 May 24 change Apartment Apr 25 change May 25 May 24 change Apr 25 change Sales 52 77 32 5 52 0 0 54 61 11 5 42 28 6 63 76 17 1 72 12 5 New Listings 230 211 9 0 233 1 3 148 140 5 7 139 6 5 167 135 23 7 172 2 9 Active Listings 657 498 31 9 614 7 0 295 201 46 8 290 1 7 422 261 61 7 426 0 9 1 889 900 1 946 600 0 2 606 900 644 100 5 8 619 400 2 0 Benchmark Price 2 9 1 910 800 1 1 956 000 977 100 2 2 954 400 Median Price 1 710 000 1 775 000 3 7 1 892 500 9 6 909 950 959 900 5 2 970 428 6 2 645 000 629 250 2 5 596 450 8 1 Average Price 1 862 945 1 995 807 6 7 2 013 015 7 5 1 002 600 1 024 176 2 1 1 061 994 5 6 685 552 717 788 4 5 673 674 1 8 Detached Langley May 24 change Apr 25 change May 25 May 24 change 74 129 42 6 67 10 4 75 87 13 8 76 1 3 87 98 11 2 76 14 5 New Listings 238 275 13 5 236 0 8 220 192 14 6 186 18 3 224 230 2 6 219 2 3 Active Listings 583 433 34 6 543 7 4 349 244 43 0 310 12 6 487 377 29 2 475 2 5 1 632 100 1 650 200 1 1 1 650 700 change May 25 May 24 1 1 863 600 change Apartment Sales Benchmark Price May 25 Townhouse Apr 25 Apr 25 change 874 400 1 2 861 800 0 2 605 300 619 700 2 3 611 200 1 0 Median Price 1 431 500 1 535 000 6 7 1 586 000 9 7 800 000 878 000 8 9 852 500 6 2 535 000 579 950 7 8 580 000 7 8 Average Price 1 481 471 1 621 640 8 6 1 636 513 9 5 831 027 884 495 6 0 887 042 6 3 562 679 597 342 5 8 589 148 4 5 Delta North May 25 May 24 Detached Sales 24 New Listings Active Listings change Townhouse Apr 25 May 25 May 24 change 40 40 0 106 81 30 9 260 174 49 4 Benchmark Price 1 335 200 1 439 900 7 3 1 404 100 4 9 971 400 954 800 Median Price 1 320 000 1 487 500 11 3 1 337 450 1 3 884 000 Average Price 1 433 785 1 559 304 8 0 1 372 743 4 4 878 600 Source Fraser Valley Real Estate Board 16 change Apartment Apr 25 change May 25 May 24 change 25 0 11 11 0 0 Apr 25 8 change 37 5 50 0 5 9 44 4 4 95 11 6 19 16 18 8 19 0 17 19 10 5 21 19 0 228 14 0 44 23 91 3 37 18 9 51 32 59 4 54 5 6 1 7 961 200 1 1 565 600 587 200 3 7 563 500 0 4 950 000 6 9 912 000 3 1 602 900 580 000 3 9 620 000 2 8 956 277 8 1 880 500 0 2 567 272 544 863 4 1 589 249 3 7 MLS Summary Page 2 of 3
Detached City of Surrey Combined Sales May 25 May 24 change 26 8 Townhouse Apr 25 151 change 21 2 May 25 May 24 160 208 change 23 1 Apartment Apr 25 151 change May 25 May 24 change 6 0 160 256 37 5 183 250 Benchmark Price 1 606 100 1 663 200 3 4 1 627 800 1 3 860 500 887 300 3 0 862 900 0 3 519 800 Average Price 1 637 938 1 703 045 3 8 1 694 779 3 4 864 097 894 319 3 4 880 123 1 8 537 403 Apr 25 change 184 13 0 548 600 5 2 524 000 0 8 584 364 8 0 526 911 2 0 North Surrey Central Surrey Cloverdale and South Surrey excl White Rock Detached Surrey Central May 25 May 24 change Townhouse Apr 25 change May 25 May 24 Sales 60 67 New Listings 295 Active Listings 815 Benchmark Price 1 506 800 1 575 900 4 4 1 533 200 1 7 826 500 858 800 Median Price 1 510 000 1 555 000 2 9 1 462 000 3 3 799 900 Average Price 1 584 348 1 630 654 2 8 1 553 077 2 0 791 531 May 25 May 24 Apartment Apr 25 change May 25 May 24 change 30 23 3 10 4 45 33 3 65 88 26 1 60 8 3 23 285 3 5 281 5 0 231 204 13 2 227 1 8 102 73 625 30 4 778 4 8 526 346 52 0 496 6 0 249 169 3 8 836 100 1 1 554 000 850 000 5 9 829 900 850 746 7 0 817 859 Detached Surrey Cloverdale change change change May 25 May 24 change change 29 20 7 39 7 90 13 3 47 3 230 8 3 573 500 3 4 557 500 0 6 3 6 541 000 557 500 3 0 505 000 7 1 3 2 541 556 563 663 3 9 512 582 5 7 Townhouse Apr 25 Apr 25 Apartment Apr 25 change May 25 May 24 change Apr 25 change Sales 32 51 37 3 31 3 2 32 42 23 8 32 0 0 19 12 58 3 16 18 8 New Listings 106 109 2 8 115 7 8 103 99 4 0 80 28 8 44 34 29 4 38 15 8 Active Listings 241 183 31 7 216 11 6 165 115 43 5 129 27 9 90 49 83 7 86 4 7 Benchmark Price 1 517 000 1 531 200 0 9 1 527 500 0 7 846 800 874 700 3 2 845 900 0 1 585 500 607 400 3 6 586 100 0 1 Median Price 1 457 500 1 500 000 2 8 1 499 999 2 8 826 250 824 000 0 3 820 000 0 8 545 000 512 000 6 4 582 500 6 4 Average Price 1 477 731 1 553 536 4 9 1 515 935 2 5 833 190 835 621 0 3 818 668 1 8 519 605 522 691 0 6 592 118 12 2 Surrey North May 25 May 24 Detached change Townhouse Apr 25 change May 25 May 24 change Apartment Apr 25 change May 25 May 24 change Apr 25 change Sales 43 55 21 8 27 59 3 14 17 17 6 17 17 6 82 138 40 6 95 13 7 New Listings 144 124 16 1 145 0 7 67 56 19 6 40 67 5 297 316 6 0 352 15 6 Active Listings 497 311 59 8 480 3 5 145 100 45 0 127 14 2 869 648 34 1 861 0 9 Benchmark Price 1 451 000 1 517 200 4 4 1 483 100 2 2 766 600 798 800 4 0 758 400 1 1 470 900 502 500 6 3 474 500 0 8 Median Price 1 430 888 1 490 000 4 0 1 325 000 8 0 721 250 783 000 7 9 755 000 4 5 463 250 518 500 10 7 465 000 0 4 Average Price 1 559 043 1 520 000 2 6 1 562 684 0 2 764 750 798 935 4 3 766 229 0 2 492 439 520 748 5 4 487 792 1 0 Source Fraser Valley Real Estate Board MLS Summary Page 3 of 3
MLS Home Price Index Fraser Valley May 2025 BENCHMARK PRICE INDEX HPI ONE MONTH CHANGE THREE MONTH CHANGE SIX MONTH CHANGE ONE YEAR CHANGE THREE YEAR CHANGE FIVE YEAR CHANGE TEN YEAR CHANGE RESIDENTIAL COMBINED LOWER MAINLAND FRASER VALLEY BOARD NORTH DELTA NORTH SURREY SURREY CLOVERDALE SOUTH SURREY WHITE ROCK LANGLEY ABBOTSFORD MISSION 1 104 900 963 200 1 152 600 722 000 1 023 600 1 047 100 1 134 100 1 037 700 774 100 903 300 337 3 345 7 366 1 328 2 357 9 347 0 297 4 348 6 351 7 354 8 0 7 1 0 3 7 0 6 1 2 0 4 1 0 0 7 0 4 3 3 0 7 0 8 4 3 1 4 1 2 0 5 0 2 0 1 0 9 4 3 0 2 0 7 5 9 1 2 1 7 1 1 1 5 0 4 0 2 1 5 3 1 4 3 6 7 6 7 6 0 2 0 6 3 1 5 3 5 4 3 9 4 16 7 17 9 21 8 18 6 10 9 16 9 11 5 18 6 18 2 31 2 38 3 32 7 28 6 36 9 45 6 36 6 40 3 40 3 41 5 62 1 97 5 106 7 79 3 114 4 123 9 63 1 111 0 125 6 150 9 DETACHED LOWER MAINLAND FRASER VALLEY BOARD NORTH DELTA NORTH SURREY SURREY CLOVERDALE SOUTH SURREY WHITE ROCK LANGLEY ABBOTSFORD MISSION 1 783 900 1 481 900 1 335 200 1 451 000 1 506 800 1 517 000 1 889 900 1 632 100 1 202 700 1 019 100 391 5 421 2 401 0 448 7 432 0 432 3 364 8 431 3 416 0 376 1 1 4 1 7 4 9 2 2 1 7 0 7 1 1 1 2 0 7 4 0 1 4 1 2 5 8 3 4 1 4 0 2 0 5 0 3 1 0 4 5 0 2 0 1 6 5 0 9 0 9 2 5 1 0 0 8 0 8 0 7 2 8 3 2 7 3 4 4 4 4 0 9 2 9 1 1 3 1 2 6 6 7 13 0 16 2 15 1 13 8 10 4 11 0 10 7 14 5 15 2 40 2 47 4 37 0 44 9 46 9 47 7 43 1 49 2 46 5 46 7 76 2 132 7 121 9 147 5 149 1 150 9 91 7 149 9 159 4 166 7 TOWNHOUSE LOWER MAINLAND FRASER VALLEY BOARD NORTH DELTA NORTH SURREY SURREY CLOVERDALE SOUTH SURREY WHITE ROCK LANGLEY ABBOTSFORD MISSION 975 400 832 800 971 400 766 600 826 500 846 800 956 000 863 600 660 600 676 100 372 4 373 8 423 3 437 1 379 5 347 3 303 7 373 2 365 4 360 6 0 2 0 03 1 1 1 1 1 2 0 1 0 2 0 2 0 7 2 1 0 1 0 4 4 6 2 6 0 9 0 8 1 5 0 5 0 9 1 7 0 6 0 3 1 5 0 6 1 1 1 2 0 4 0 4 1 5 0 3 2 8 2 5 1 8 4 0 3 8 3 2 2 2 1 2 1 4 0 2 5 3 9 0 8 3 7 9 9 8 8 0 7 0 8 7 11 3 8 3 42 5 45 7 42 4 40 6 44 2 44 4 46 4 47 2 49 3 50 3 120 0 146 3 128 7 176 8 157 8 145 4 103 4 164 5 170 5 174 2 APARTMENT LOWER MAINLAND FRASER VALLEY BOARD NORTH DELTA NORTH SURREY SURREY CLOVERDALE SOUTH SURREY WHITE ROCK LANGLEY ABBOTSFORD MISSION 702 400 532 700 565 600 470 900 554 000 585 500 606 900 605 300 435 000 453 000 352 4 436 3 541 8 434 8 505 0 431 8 358 3 421 2 466 2 405 9 0 8 1 0 0 4 0 8 0 7 0 1 2 0 1 0 0 7 1 1 0 5 1 0 3 2 2 0 1 5 0 4 1 5 0 4 2 9 1 2 0 4 0 6 0 6 1 9 1 8 1 3 1 4 0 7 0 8 2 2 2 6 4 0 3 7 6 3 3 4 3 6 5 8 2 3 3 7 0 2 3 4 7 5 11 9 10 7 8 8 5 3 5 4 5 2 9 0 7 9 24 6 39 6 19 8 29 8 39 7 37 5 39 3 41 3 48 0 45 1 93 7 169 3 184 3 156 4 203 9 160 0 141 1 184 8 216 1 230 5 Fraser Valley Real Estate Board All indices equal 100 in January 2005 An index of 120 indicates a 20 increase in price since January 2005 Lower Mainland combines data across the Fraser Valley and Greater Vancouver real estate board areas
Sales Listings Active Inventory All Types Fraser Valley Actives 14 000 Listings Sales 12 000 10 000 8 000 6 000 4 000 2 000 Fraser Valley Real Estate Board 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 0
Sales to Active Listings Ratio All Types Fraser Valley 100 According to BCREA a balanced market in the Lower Mainland ranges between 12 20 This graph includes all Residential and Commercial property types 90 80 70 Sellers Market Ratio 60 50 40 30 Balanced Market 20 10 Buyers Market May month end 11 Fraser Valley Real Estate Board 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 0
MLS Home Price Index Fraser Valley Detached 525 Townhouse Apartment 500 475 450 425 400 375 350 325 300 275 250 225 200 175 150 125 100 75 Fraser Valley Real Estate Board 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 50
MLS Home Price Index Benchmark Prices Fraser Valley Detached Townhouse Apartment 1 900 000 1 800 000 1 700 000 1 600 000 1 500 000 1 400 000 1 300 000 1 200 000 1 100 000 1 000 000 900 000 800 000 700 000 600 000 500 000 400 000 300 000 200 000 Fraser Valley Real Estate Board 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 100 000
1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Average Price Residential Detached all Fraser Valley 2 000 000 1 800 000 1 600 000 1 400 000 1 200 000 1 000 000 800 000 600 000 400 000 200 000 0
Annual Sales New Listings Average Price All Property Types Fraser Valley Sales New Listings Average Price 40 000 1 200 000 35 000 1 000 000 30 000 800 000 25 000 20 000 600 000 15 000 400 000 10 000 200 000 5 000 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990