{"id":26570,"date":"2025-10-06T10:10:53","date_gmt":"2025-10-06T17:10:53","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=26570"},"modified":"2025-10-02T15:01:31","modified_gmt":"2025-10-02T22:01:31","slug":"the-fraser-valley-remains-entrenched-in-a-buyers-market-as-prices-continue-to-weaken","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2025\/10\/the-fraser-valley-remains-entrenched-in-a-buyers-market-as-prices-continue-to-weaken\/","title":{"rendered":"The Fraser Valley Remains Entrenched in A Buyer&#8217;s Market as Prices Continue to Weaken"},"content":{"rendered":"<p style=\"text-align: justify;\">SURREY, BC \u2013 Home prices in the Fraser Valley continued their downward trend in September, marking the sixth straight month of declines, amid high inventory.<\/p>\n<p style=\"text-align: justify;\">The Benchmark price for a typical home in the Fraser Valley dropped 1% in September to $926,300, down 5.4% year-over-year. The continued softening of prices may be encouraging some buyers back into the market, as the Fraser Valley Real Estate Board recorded 962 sales on its Multiple Listing Service\u00ae (MLS\u00ae) in September, an increase of 3% over August. September sales were down 2% year-over-year and 28% below the 10-year average.<\/p>\n<p style=\"text-align: justify;\">\u201cAs prices continue to weaken, the market is showing hopeful signs of renewed confidence,\u201d said Tore Jacobsen, Chair of the Fraser Valley Real Estate Board. \u201cWhile recent economic uncertainty seems to have weighed more heavily here in the Fraser Valley, some buyers are beginning to re-engage in the market, a positive signal heading into the fall.\u201d<\/p>\n<p style=\"text-align: justify;\">After sitting out for part of the summer, sellers reemerged in September, with new listings up 23% month-over-month to 3,447; up 3% year-over-year. Overall inventory remains at decade-high levels, with 10,583 active listings, up 1% from August and up 17% from September 2024.<\/p>\n<p style=\"text-align: justify;\">The Fraser Valley remains entrenched in a buyer\u2019s market with an overall sales-to-active listings ratio of 9% in September. The market is considered balanced when the ratio is between 12% and 20%.<\/p>\n<p style=\"text-align: justify;\">Across the Fraser Valley in September, the average number of days to sell a single-family detached home was 37 days; while for a townhome it was 38 days. Condos took, on average, 39 days to sell.<\/p>\n<p style=\"text-align: justify;\">\u201cIt is unreasonable to single out any one factor or policy driving today\u2019s market dynamics,\u201d said Baldev Gill, CEO of the Fraser Valley Real Estate Board. \u201cThat said, there is a growing consensus within the housing and development sector calling for greater measures to incentivize investors to help drive new supply growth, which would certainly have a positive impact on affordability.\u201d<\/p>\n<p style=\"text-align: justify;\"><strong>MLS\u00ae HPI Benchmark Price Activity<\/strong><\/p>\n<p style=\"text-align: justify;\">\u2022 Single Family Detached : At $1,420,000 the Benchmark price for an FVREB single-family detached home decreased 1.2% compared to August 2025 and decreased 5.4% compared to September 2024.<br \/>\n\u2022 Townhomes : At $795,600 the Benchmark price for an FVREB townhome decreased 1.5% compared to August 2025 and decreased 4.7% compared to September 2024.<br \/>\n\u2022 Apartments : At $510,400 the Benchmark price for an FVREB apartment\/condo decreased 0.7% compared to August 2025 and decreased 6.3% compared to September 2024.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.fvreb.bc.ca\/statistics\/Package202509.pdf\" target=\"_blank\" rel=\"noopener\">Click here<\/a> to view the full statistics package.<\/p>\n<p style=\"text-align: justify;\"><a href=\"ttps:\/\/www.fvreb.bc.ca\/statistics\/sustained-elevated-inventories-soften-fraser-valley-home-prices-further-spurring-bump-in-sales\/\" target=\"_blank\" rel=\"noopener\">Sustained Elevated Inventories Soften Fraser Valley Home Prices Further, Spurring Bump in Sales<\/a> by FVREB<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SURREY, BC \u2013 Home prices in the Fraser Valley continued their downward trend in September, marking the sixth straight month of declines, amid high inventory. The Benchmark price for a &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2025\/10\/the-fraser-valley-remains-entrenched-in-a-buyers-market-as-prices-continue-to-weaken\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,13],"tags":[],"class_list":["post-26570","post","type-post","status-publish","format-standard","hentry","category-market-updates","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Fraser Valley Remains Entrenched in A Buyer&#039;s Market as Prices Continue to Weaken &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2025\/10\/the-fraser-valley-remains-entrenched-in-a-buyers-market-as-prices-continue-to-weaken\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"The Fraser Valley Remains Entrenched in A Buyer&#039;s Market as Prices Continue to Weaken &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"SURREY, BC \u2013 Home prices in the Fraser Valley continued their downward trend in September, marking the sixth straight month of declines, amid high inventory. 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