{"id":26887,"date":"2025-12-05T10:10:47","date_gmt":"2025-12-05T18:10:47","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=26887"},"modified":"2025-12-02T09:23:48","modified_gmt":"2025-12-02T17:23:48","slug":"fraser-valley-housing-sales-declined-in-line-with-seasonal-buying-patterns","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2025\/12\/fraser-valley-housing-sales-declined-in-line-with-seasonal-buying-patterns\/","title":{"rendered":"Fraser Valley Housing Sales Declined in Line with Seasonal Buying Patterns"},"content":{"rendered":"<p style=\"text-align: justify;\">SURREY, BC \u2013 Easing prices and abundant inventory weren\u2019t enough to entice buyers to the Fraser Valley market in November, as sales declined in line with seasonal buying patterns.<\/p>\n<p style=\"text-align: justify;\">The Fraser Valley Real Estate Board recorded 943 sales on its Multiple Listing Service\u00ae (MLS\u00ae) in November, a 16% decrease from October, and 17 per cent below sales from the same month last year.<\/p>\n<p style=\"text-align: justify;\">New listings slowed again in November, down 26% month-over-month and 7% year-over-year, to 2,210. Overall inventory remains well above seasonal norms for the Fraser Valley, with 9,201 active listings, down 9% from October and 47% above the 10-year seasonal average.<\/p>\n<p style=\"text-align: justify;\">\u201cAffordability concerns and economic pressures are weighing heavily on many Fraser Valley households,\u201d said Tore Jacobsen, Chair of the Fraser Valley Real Estate Board. \u201cOur REALTORS\u00ae understand how personal and complex these decisions are. But there are encouraging signs for buyers. Composite prices are closer to early-2023 levels, inventory has improved, and there is more space to negotiate than we\u2019ve had in recent years.\u201d<\/p>\n<p style=\"text-align: justify;\">The Fraser Valley remains firmly in a buyer\u2019s market, with an overall sales-to-active listings ratio of 10% in November, down 1% from October. A balanced market is typically defined by a ratio between 12% and 20%.<\/p>\n<p style=\"text-align: justify;\">Across the Fraser Valley in November, the average number of days to sell a single-family detached home was 52 days, while for a condo it was 41 days. Townhomes took, on average, 37 days to sell.<\/p>\n<p style=\"text-align: justify;\">\u201cWith mortgage conditions tightening, buyers are encountering increased scrutiny and higher down payment expectations from lenders,\u201d said Baldev Gill, CEO of the Fraser Valley Real Estate Board. \u201cThese constraints can delay transactions and influence overall activity in the market. That\u2019s why working with an experienced REALTOR\u00ae is critical \u2014 someone who understands the landscape and can guide clients through these obstacles with confidence.\u201d<\/p>\n<p style=\"text-align: justify;\">The composite Benchmark price for a typical home in the Fraser Valley decreased 0.7% in November, to $912,400.<\/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 $1,405,500 the Benchmark price for an FVREB single-family detached home decreased 0.6% compared to October 2025 and decreased 5.4% compared to November 2024.<br \/>\n\u2022 Townhomes : At $778,700 the Benchmark price for an FVREB townhome decreased 0.8% compared to October 2025 and decreased 6.8% compared to November 2024.<br \/>\n\u2022 Apartments : At $496,500 the Benchmark price for an FVREB apartment\/condo decreased 1% compared to October 2025 and decreased 6.9% compared to November 2024.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.fvreb.bc.ca\/statistics\/Package202511.pdf\" target=\"_blank\" rel=\"noopener\">Click here<\/a> to view the full statistics package.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.fvreb.bc.ca\/fvrebpublic\/statistics\/sustained-elevated-inventories-soften-fraser-valley-home-prices-further-spurring-bump-in-sales-3-2\/\" target=\"_blank\" rel=\"noopener\">Early Fall Momentum Slows as Fraser Valley Sales Dip in November<\/a> by FVREB<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SURREY, BC \u2013 Easing prices and abundant inventory weren\u2019t enough to entice buyers to the Fraser Valley market in November, as sales declined in line with seasonal buying patterns. The &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2025\/12\/fraser-valley-housing-sales-declined-in-line-with-seasonal-buying-patterns\/\">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-26887","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 v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Fraser Valley Housing Sales Declined in Line with Seasonal Buying Patterns &#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\/12\/fraser-valley-housing-sales-declined-in-line-with-seasonal-buying-patterns\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Fraser Valley Housing Sales Declined in Line with Seasonal Buying Patterns &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"SURREY, BC \u2013 Easing prices and abundant inventory weren\u2019t enough to entice buyers to the Fraser Valley market in November, as sales declined in line with seasonal buying patterns. 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