Comprehensive Analysis of February 2025 Fraser Valley Real Estate Market Data

For the first time in four months, Fraser Valley home sales increased in February as buyers began capitalizing on elevated inventory and improved selection. With 920 properties sold—up 13% from January—the market shows early signs of buyer re-engagement, though activity remains 26% below February 2024 levels. The combination of inventory accumulation and stable pricing is shifting leverage toward buyers.

February 2025 Market Snapshot by City

Source: Fraser Valley Real Estate Board, February 2025 Statistics Package (revised HPI data as of March 20, 2025). Days on Market from SnapStats. Trend arrows show month-over-month change: ▲▼ green = improving, ▲▼ red = softening.

Fraser Valley Market Overview: February 2025

February's sales uptick signals that some buyers are moving past the hesitation that characterized late 2024. The 920 sales represent meaningful month-over-month improvement, though the 26% year-over-year decline reminds us that market conditions remain fundamentally different from the more active 2024 environment.

Inventory continues building despite a 9% drop in new listings from January. At 8,070 active listings, the Fraser Valley sits 45% above February 2024 levels and 55% above the 10-year seasonal average. This sustained inventory growth is the defining feature of the 2025 market.

"The combination of inventory accumulation and softening prices is providing buyers with increased leverage, especially in the single-family detached category."

— Baldev Gill, CEO, Fraser Valley Real Estate Board

Pricing showed modest upward movement, with the composite benchmark rising 0.6% to $970,300. Detached homes led the gains at $1,499,000 (+1.1% month-over-month). However, year-over-year comparisons tell a different story: townhomes are down 1% and apartments are down 1.5% compared to February 2024.

City-by-City Market Analysis

Abbotsford

Abbotsford shows balanced conditions in the detached segment with a 13% sales ratio (up from January), and a median sale price of $1,267,500. Homes are selling 2% below list price in an average of 24 days—a slight improvement from January's 25 days.

The attached market strengthened to a 20% sales ratio with a $527,750 median, selling 3% below list in just 16 days.

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

→ Browse Current Abbotsford Listings

Langley

Langley improved significantly in February with detached sales jumping 54% month-over-month. The 14% sales ratio puts the market in balanced territory, with a $1,450,000 median and homes selling 3% below list. Days on market dropped dramatically to just 11 days—down from 46 days in January.

The attached market remains in seller's market territory at 22% sales ratio. At a $675,000 median selling 1% below list in 12 days, well-priced attached homes continue moving quickly.

See our Langley City Guide for neighbourhood insights.

→ Browse Current Langley Listings

Surrey

Surrey's detached market remains a buyer's market at 7% sales ratio, with a $1,515,000 median—down 5% from January. Homes are selling 3% below list price in 24 days (improved from 44 days).

The attached segment shows a 11% sales ratio (buyer's market) at $615,000 median, with homes selling 4% below list in 24 days.

See the full Surrey Market Snapshot for segment details.

→ Browse Current Surrey Listings

Mission

Mission continues showing the softest conditions in the Fraser Valley at a 8% sales ratio for detached homes. The $1,039,500 median represents a slight decrease from January, with homes selling 5% below list in 36 days (improved from 52 days).

The attached market remains weak at 6% sales ratio with $735,000 median, though homes that do sell are achieving 100% of list price—but taking 85 days on average.

Explore our Mission Community Guide.

→ Browse Current Mission Listings

White Rock & South Surrey

This premium market improved in February with sales up 11% month-over-month. SnapStats data shows detached homes at 9% sales ratio with a $1,900,000 median—up 10% from January. Homes are selling at 100% of list price in just 20 days (dramatically improved from 45 days).

The attached market shows balanced conditions at 18% sales ratio, with $825,000 median and 2% below list in 15 days.

View the White Rock Market Snapshot or South Surrey Market Snapshot.

→ Browse White Rock Listings | Browse South Surrey Listings

What This Means for Buyers

February's data confirms the buyer's market conditions established in late 2024. With 8,070 listings competing for attention and improved days-on-market suggesting motivated sellers, your negotiating position remains strong.

What This Means for Sellers

The 13% sales increase offers hope, but inventory remains 55% above normal levels. Success requires realistic pricing and strategic presentation.

Looking Ahead

February's modest improvement in sales suggests the market may be finding a floor after months of declining activity. The key factors to watch as spring approaches: Bank of Canada rate decisions (further cuts could stimulate demand), trade policy developments (tariff concerns continue weighing on confidence), and new listing activity (more inventory could extend buyer leverage or absorbed quickly if demand improves).