Comprehensive Analysis of April 2025 Fraser Valley Real Estate Market Data

Inventory crossed the 10,000-listing milestone for the first time in over a decade, yet buyers remain cautious. April delivered 1,043 sales—essentially flat from March and 29% below last year. Despite unprecedented selection and stable prices, economic uncertainty and tariff concerns continue to keep buyers on the sidelines. With the federal election now behind us, there's cautious optimism that fresh economic policy could help restore confidence.

April 2025 Market Snapshot by City

Source: Fraser Valley Real Estate Board, April 2025 Statistics Package. Trend arrows show month-over-month change.

Fraser Valley Market Overview: April 2025

April marked a significant milestone: for the first time in more than a decade, the Fraser Valley crossed 10,000 active listings. This abundance of selection—37% above April 2024 levels—means buyers have unprecedented choice. Yet despite this and stable pricing, sales activity remains sluggish.

"There's definitely a surge of activity in the market—buyers are out viewing homes and attending open houses. What's noticeable in the current market is the level of choice. A buyer might see a home they like and then have an opportunity to tour five or ten more just like it, without feeling rushed to make an immediate offer."

— Tore Jacobsen, Chair, Fraser Valley Real Estate Board

The disconnect between viewing activity and sales tells the story: buyers are looking but not committing. The overall sales-to-active listings ratio dropped to 10%—firmly in buyer's market territory (balanced is 12-20%). This represents a softening from March's 11% ratio.

Pricing showed modest softening with the composite benchmark declining 0.2% to $972,700. Detached homes held essentially flat at $1,506,600 (+0.1%), while townhomes edged down to $833,100 (-0.1%) and apartments declined more noticeably to $537,800 (-0.6%). Year-over-year, all property types remain in negative territory: detached -1.3%, townhomes -2.4%, and apartments -3.2%.

City-by-City Market Analysis

Abbotsford

Abbotsford remains the Fraser Valley's most affordable detached market. At a $1,211,600 benchmark for single-family homes (-1.1% from March), buyers have considerable leverage with inventory up significantly. The detached market shows a 10% sales ratio (buyer's market).

The attached market shows a 13% sales ratio (balanced), with a $509,450 median and homes selling 1% below list in 20 days. This segment offers a genuine entry-level opportunity for buyers who can qualify.

Visit our Abbotsford Market Snapshot for complete data or read the Abbotsford City Guide.

→ Browse Current Abbotsford Listings

Langley

Langley remains the Fraser Valley's strongest market. The detached segment shows a 13% sales ratio (balanced market) with a $1,586,000 median. Notably, well-priced homes are moving quickly—just 9 days on market average, down from 13 in March. The benchmark rose 1.0% to $1,650,700.

Walnut Grove and Murrayville continue to stand out as seller-friendly communities at 26% sales ratios each.

See our Langley City Guide for neighbourhood insights.

→ Browse Current Langley Listings

Surrey

Surrey continues to offer buyers solid leverage. With the largest inventory pool in the region, buyers have an extensive selection across all price points and property types. The composite benchmark stands at $1,035,300 (-0.6% from March, -4.5% YoY).

The attached market shows a 12% sales ratio (balanced) with strong activity in certain price bands. The $200K–$300K range is seeing seller's market conditions at 22% ratio, while days on market improved to 18 days from 21 in March.

See the full Surrey Market Snapshot for segment details.

→ Browse Current Surrey Listings

Mission

Mission shows an 11% sales ratio for detached homes, at the cusp of balanced territory. At a $1,062,100 benchmark (-0.2% from March), Mission continues to offer relative value for families seeking more space—approximately 35% below Langley's benchmark.

The attached market benchmark sits at $662,200 (-0.9% from March), offering Mission's most accessible entry point for buyers.

See the Mission Market Snapshot for complete data.

→ Browse Current Mission Listings

White Rock & South Surrey

The premium White Rock and South Surrey market shows a 9% sales ratio for detached homes (buyer's market). At a $1,892,500 median, homes are selling 2% below list in 19 days—improved from 27 in March. The detached benchmark of $1,910,800 rose slightly (+0.3% from March) but remains down 2.6% year-over-year.

The attached segment is notably stronger at 16% sales ratio (balanced), with certain communities showing strong seller conditions.

See the White Rock Market Snapshot for details.

→ Browse Current White Rock Listings

What This Means for Buyers

April's 10,000+ listings represent the best selection buyers have seen in over a decade. Combined with a 10% sales-to-active ratio, this is unambiguously a buyer's market with substantial leverage.

What This Means for Sellers

With inventory at decade highs and sales ratios at 10%, sellers face significant competition. The good news: homes priced appropriately are selling, and days on market actually improved in several communities.

Looking Ahead

With the federal election concluded and a new government in place, there's cautious hope that policy direction could help restore buyer confidence. Tariff uncertainty remains a headwind, but the worst of political uncertainty has passed.

"Tariffs and economic uncertainty continue to weigh heavily on the minds of home buyers in the Fraser Valley. However, with the federal election now behind us and a new administration in place, there's cautious optimism that a fresh approach to strengthening the economy could be on the way, which is welcome news for the real estate sector."

— Baldev Gill, CEO, Fraser Valley Real Estate Board

May typically brings increased spring activity, though with inventory already at decade highs, the market will need genuine buyer confidence—not just warmer weather—to shift dynamics meaningfully.