Fraser Valley Real Estate Market Update: May 2025 – Insights by Rajinder Dhutti for Abbotsford Buyers and Sellers

What is the Fraser Valley Real Estate Board and Its Role?

The Fraser Valley Real Estate Board (FVREB) is a professional association representing over 5,200 REALTORS® who live and work across communities including Abbotsford, Surrey, Langley, and Mission. Established over 100 years ago, the FVREB supports its members by providing tools, education, and market data to ensure high standards of professionalism and service in the region’s real estate industry.

The board plays a vital role in gathering and publishing accurate market data, such as the Fraser Valley Real Estate Board stats, which help agents, buyers, and sellers make informed decisions. By monitoring trends and advocating for the industry, the FVREB ensures the Fraser Valley real estate market remains transparent and trustworthy.

May 2025 Market Highlights – A Snapshot

Sales Activity:

According to the latest Fraser Valley Real Estate Board stats, there were 1,183 home sales in May 2025—a 13% increase from April. This modest rise suggests buyer confidence is slowly returning. However, sales still trail 22% below May 2024 and 36% below the 10-year seasonal average, indicating cautious market conditions.

Inventory Levels:

Active listings climbed 6% from April to May, reaching 10,626 homes, which is 34% higher than last year and 54% above the 10-year seasonal average. New listings also rose by 7%, giving buyers more options than we’ve seen in years.

Market Balance:

The sales-to-active listings ratio stands at 11%, below the 12-20% range that defines a balanced market. This confirms that the Fraser Valley real estate market remains a buyer’s market, with more supply than demand.

Pricing Trends:

The composite benchmark price decreased 1% to $963,200. Breaking it down by property type:

• Single-family detached homes averaged $1,481,900 (down 1.6% from April and 3.2% year-over-year)
• Townhomes at $832,800 (down 0.03% from April and 2.5% year-over-year)
• Apartments/condos at $532,700 (down 0.9% from April and 4% year-over-year)

Days on Market:

Homes took about a month to sell on average—34 days for detached homes, 33 days for condos, and 27 days for townhomes—showing that well-priced properties still attract buyers relatively quickly.

What’s Driving the Market?

Economic uncertainty remains a key factor influencing buyer behavior. Concerns about job security, inflation, and rising living costs have led many buyers to adopt a cautious “wait and see” approach. This hesitancy is reflected in the slower sales despite an abundance of homes on the market.

For sellers, the high inventory means more competition. Those pricing their homes appropriately are seeing success, while others are holding firm or delaying listing, waiting for better conditions.

My Perspective for June 2025: Advice for Buyers and Sellers

For Sellers:

Price Smart, Sell Fast: In today’s buyer’s market, setting the right price is critical. Overpriced homes risk longer market times and price reductions.

Enhance Appeal for Staging and Showcase: First impressions count. Invest in staging and professional photography to make your home stand out amidst the growing inventory.

Be Patient but Strategic: If you’re not in a rush, you can wait for better conditions, but keep an eye on market trends. The current economic uncertainty may prolong the buyer’s hesitation.

For Buyers:

Leverage the Buyer’s Market: With inventory high, you have more options and negotiating power. Don’t rush—find the home that truly fits your needs.

Stay Informed and Ready: Economic conditions may improve, increasing competition. Stay informed and prepared to move quickly when the right opportunity arises.

Work with a Trusted Agent: Navigating the Fraser Valley real estate market requires local knowledge. Working with an experienced Abbotsford real estate agent can give you an edge.

Final Thoughts

The Fraser Valley real estate market in May 2025 reflects cautious optimism. While sales are picking up, elevated inventory and economic concerns keep the market tilted in favor of buyers. Both buyers and sellers must be strategic, informed, and patient to succeed.

As your local Abbotsford real estate agent, I’m committed to providing you with the latest Fraser Valley Real Estate Board stats and personalized guidance to help you navigate this evolving market confidently. Whether you’re buying or selling, let’s connect and make your real estate goals a reality this June.

Contact me today to discuss your real estate plans and how we can work together in this dynamic market!