Comprehensive Analysis of August 2025 Fraser Valley Real Estate Market Data

The Fraser Valley buyer's market strengthened further in August as sales fell more than 20 per cent from July. With inventory holding near decade-high levels and prices continuing to soften, buyers who entered the market enjoyed favourable conditions, including abundant choice and more time to make decisions. The 931 transactions recorded were 36 per cent below the 10-year average—but those who did buy had genuine negotiating leverage.

August 2025 Market Snapshot by City

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

Fraser Valley Market Overview: August 2025

August delivered a significant slowdown in sales activity as the Fraser Valley recorded 931 transactions—down 22% from July and 13% below August 2024. Sales were 36% below the 10-year average, reflecting continued buyer caution amid economic uncertainty.

"Current market conditions are allowing buyers the opportunity to make bold offers, especially for properties that have been on the market for a while and where sellers may be more motivated. As in all transactions, timing is everything and we expect to see more buyers come off the sidelines heading into fall to take advantage of the lower price floor."

— Tore Jacobsen, Chair, Fraser Valley Real Estate Board

Active listings held relatively stable at 10,445—down just 2% from July but still 21% above last year. New listings declined 19% month-over-month to 2,793 as some sellers opted to wait for fall rather than compete in a crowded late-summer market. The overall sales-to-active listings ratio dropped to 9%, firmly in buyer's market territory.

Pricing continued its gradual decline with the composite benchmark falling 0.9% to $936,200—now down 5.7% year-over-year. Detached homes declined 1.0% to $1,436,800 (-5.7% YoY), townhomes fell 0.9% to $807,800 (-4.5% YoY), and apartments dropped 1.0% to $514,100 (-5.9% YoY).

City-by-City Market Analysis

Abbotsford

Abbotsford maintained balanced conditions across most segments in August. Detached homes showed a 10% sales ratio with 50 sales against 513 active listings. The benchmark declined to $1,171,900 (-0.7% from July, -4.1% YoY), with a $1,095,000 median.

The attached market showed stronger activity at a 17% sales ratio (balanced), with 42 sales and a $715,250 median—up 11.4% from July as higher-priced townhomes sold. Condos benchmark at $421,800 (-0.6% from July)—remaining one of the most affordable entry points in the Fraser Valley.

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

Browse Current Abbotsford Listings →

Langley

Langley continued showing the region's strongest market conditions, with balanced conditions across property types. Detached homes posted a 15% sales ratio with homes selling at 97% of list price in 28 days. The benchmark held at $1,590,800 (-0.5% from July, -3.4% YoY)—the smallest year-over-year decline among major Fraser Valley communities.

The attached market showed balanced conditions at a 15% sales ratio, with a $720,000 median and homes selling at 98% of list price in 21 days. Fort Langley (33%), Salmon River (50%), and Walnut Grove (37%) continue showing seller-friendly conditions in specific neighbourhoods.

See the Langley Market Snapshot for complete data and our Langley City Guide for neighbourhood insights.

Browse Current Langley Listings →

Surrey

Surrey remained firmly in buyer's market territory across all segments. The composite benchmark fell to $989,900 (-1.3% from July, -7.0% YoY)—the largest year-over-year decline among major Fraser Valley communities. Central Surrey detached showed an 8% sales ratio with 63 sales against 788 active listings.

The attached segment showed an 8% sales ratio, with a $600,000 median and homes selling at 98% of list price in 22 days. North Surrey apartments benchmark at $445,900 (-2.7% from July, -10.1% YoY), offering the region's most affordable entry point for first-time buyers.

See the full Surrey Market Snapshot for segment details.

Browse Current Surrey Listings →

Mission

Mission showed balanced market conditions in August with a 13% sales ratio for detached homes. The benchmark declined 0.7% to $1,025,400 (-2.0% YoY)—the smallest year-over-year decline in the region. Detached sales increased 6% from July (36 to 38 transactions), bucking the regional trend.

Mission continues offering compelling value for buyers who can accommodate the commute. The detached benchmark of $1,025,400 represents approximately 36% savings versus Langley ($1,590,800) and 29% savings versus Central Surrey ($1,451,500).

See the Mission Market Snapshot for complete data.

Browse Current Mission Listings →

White Rock & South Surrey

The premium White Rock and South Surrey market saw sales activity slow significantly in August, with detached transactions dropping 33% from July (54 to 36 sales). The 6% sales ratio for detached homes is firmly in buyer's market territory. The benchmark fell 2.3% to $1,795,500 (-8.7% YoY), with homes selling at a $1,730,000 median—up 4% from July as higher-end properties sold.

The attached segment showed balanced conditions at a 12% sales ratio, with a $750,000 median and homes selling at 97% of list price in 38 days. Premium neighbourhoods like Elgin Chantrell (21%), Grandview (15%), and Sunnyside Park (19%) show varying conditions.

See the White Rock Market Snapshot for details.

Browse Current White Rock Listings →

What This Means for Buyers

August reinforced that 2025 remains one of the strongest buyer's markets the Fraser Valley has seen in years. With inventory more than 20% above last year, prices down 5.7% year-over-year, and days on market extended, buyers who can act have substantial leverage.

What This Means for Sellers

Sellers face the challenge of a market where buyers have ample choice and little urgency. Strategic pricing and presentation from day one are essential.

Looking Ahead

The economic uncertainty that has shaped the housing market for much of 2025 now appears to have been factored into market dynamics, as evidenced by sustained softening of prices. Some buyers who had been holding off are starting to recognize that waiting for greater certainty could mean missing opportunities.

"The economic uncertainty that has shaped the housing market for much of 2025 now seems to have been factored into market dynamics, as evidenced by a sustained softening of prices. Some buyers who had been holding off are starting to recognize that waiting for greater certainty could mean missing opportunities, particularly in a market where conditions now clearly favour buyers."

— Baldev Gill, CEO, Fraser Valley Real Estate Board

September typically sees renewed activity as the fall market begins after Labour Day. With inventory remaining elevated and prices continuing to ease, buyers who can tolerate uncertainty may find fall 2025 offers genuine opportunities. For sellers, the return of fall buyers may bring renewed activity—but only for competitively priced properties.