Housing Market Update for May, 2025

Posted by Reliable Real Estate Group® on June 10, 2025

Your Fraser Valley Real Estate Market Update for May 2025, by Reliable Real Estate Group — recognized as a Medallion Club member by the Fraser Valley Real Estate Board, placing us among the top 10% of real estate teams from 2014 to 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.

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.

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.”

*Source: FVREB®

About Reliable Real Estate Group:

The Reliable Real Estate Group is a dynamic team based in Surrey, B.C., specializing in the Fraser Valley real estate market. With a commitment to excellence and a client-centric approach, the group has quickly established a reputation for delivering outstanding results and personalized service.

How Reliable Real Estate Group’s Success Benefits Our Clients:

• Proven Results: Our team has built a strong reputation for delivering results. Our proven strategies and client-first approach consistently lead to successful transactions and satisfied clients.

• Skilled Negotiation: Whether buying or selling, our clients benefit from expert negotiation skills that maximize value. We know how to position offers and counteroffers to ensure our clients get the best possible outcomes in a competitive market.

• Deep Local Expertise: As Fraser Valley specialists based in Surrey, we offer in-depth knowledge of local neighbourhoods, schools, amenities, and market trends. This insight helps clients make informed decisions tailored to their goals and lifestyles.

• Personalized Client Experience: We understand that every client’s journey is unique. From first-time buyers to seasoned investors, we provide dedicated support, clear communication, and exceptional service throughout every stage of the real estate process.

• Trusted Network of Professionals: Our longstanding relationships with industry experts—mortgage brokers, inspectors, contractors, lawyers, and more—give our clients access to a trusted team of professionals, making each transaction seamless and stress-free.

The Reliable Real Estate Group proudly serves Surrey, Langley, Abbotsford, Chilliwack, Mission, and Fraser Valley area.

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