Fraser Valley Real Estate Market Update: December 2025 Stats Explained

If 2025 felt quiet in Fraser Valley real estate, the numbers confirm it.

Despite falling prices, decade-high inventory, and improved negotiating power for buyers, 2025 shaped up to be one of the slowest years for home sales in over two decades. Let’s break down what happened, what the December stats tell us, and what this means heading into 2026.

2025 in Review: A Slow Year by Every Measure

The Fraser Valley Real Estate Board recorded 12,224 total home sales in 2025, which tells a clear story:

•  Down 16% compared to 2024

•  33% below the 10-year average

• ️ Surrey led activity with 48% of all sales

• Langley followed at 24%

• Abbotsford accounted for 16%

In simple terms, buyers had options — but many chose to wait.

Inventory Hit Levels We Haven’t Seen in Decades

One of the biggest storylines of 2025 was supply.

• 37,963 new listings came to market throughout the year

• That’s the highest level of available inventory in nearly 40 years

Normally, this kind of selection would spark activity. Instead, uncertainty around interest rates, affordability, and the broader economy kept many buyers cautious.

The result?
A market that technically favoured buyers — but didn’t fully activate them.

Home Prices: Lower, But Not Collapsing

Prices softened throughout 2025, but this wasn’t a freefall.

• Composite benchmark price (end of 2025): $905,900

•  Down 6% year-over-year

•  Down 24% from the March 2022 peak

This reset has been gradual, not dramatic. Prices adjusted to reflect higher borrowing costs and buyer hesitation rather than panic selling.

December 2025: A More Balanced Finish to the Year

December wrapped up quietly, as expected seasonally, but with some important signals.

Sales Activity

• 919 sales in December

• Down 2.5% from November

• Down 7.5% from December 2024

New Listings & Inventory

• New listings fell sharply by 39% month-over-month to 1,350

• Active listings ended the year at 6,965, still above seasonal norms

With fewer new listings coming online, the sales-to-active listings ratio climbed to 13%, officially placing the market in balanced territory (12–20%).

That balance matters going into 2026.

Price Breakdown by Property Type (December 2025)

Here’s how different segments performed:

Single-Family Homes

• Benchmark price: $1,388,400

• Down 1.2% month-over-month

• Down 6.2% year-over-year

️ Townhomes

• Benchmark price: $781,300

• Up 0.3% month-over-month

• Down 5.7% year-over-year

Condos / Apartments

• Benchmark price: $491,600

• Down 1.0% month-over-month

• Down 7.5% year-over-year

Townhomes showed the most resilience, while condos continued to feel pressure from affordability and investor pullback.

Why Buyers Stayed on the Sidelines in 2025

This slowdown wasn’t just about housing.

Many households were dealing with:

• higher cost of living

• stricter mortgage qualification rules

• economic uncertainty

• concerns about job stability and future rates

Even though conditions improved on paper, confidence lagged behind.

What This Means Heading Into 2026

The Fraser Valley market is ending the year more balanced than it started, with:

• realistic pricing

• healthier inventory levels

• less emotional decision-making

For buyers, this means:

• more negotiating power

• more time to choose the right home

• fewer multiple-offer scenarios

For sellers, it means:

• pricing correctly matters more than ever

• presentation and strategy are critical

• overpricing will be punished quickly

Thinking of Buying or Selling in 2026?

Market stats give us the big picture — but real estate is always hyper-local.

If you’re wondering:

• what your home is actually worth today

• how your neighbourhood performed vs the broader market

• whether 2026 is the right time to make a move

I’m happy to walk you through the numbers and run a no-pressure, no-obligation market breakdown specific to your area.

Clarity beats guessing — especially in a market like this.