May 2025 Market Update

No long intros here… jump right to the bottom to see the most recent stats in a brand new format. For those wanting more detail – read on!

Fraser Valley – Bump or Rebound?

Generally, the Fraser Valley real estate market is a buyer’s market with lots of inventory and buyer choice. Buyers are cautious but smartly-priced homes are selling quickly. There was a 13% increase in the number of sales compared to April 2025 – indicating that while buyers may have paused during recent economy shocks, they cautiously stepped off the sidelines in May. Benchmark prices were down in the Fraser Valley by 4.3% year-over-year but there is lots of nuance:

• Surrey composite benchmark price is down approximately 5.3%
• Abbotsford composite benchmark price is down 3.5%
• While Chilliwack composite benchmark price was up 1.4%.

Only time will tell if this is a bump or a rebound. With the current unpredictability in the economy its not a surprise that buyers are cautiously approaching home purchases. For those ready to make the move, this is a good time to be a buyer.

Sellers – I haven’t forgotten about you! As mentioned above, smartly-priced homes will sell and will sell quickly. Reach out for an up-to-date market analysis of your property’s value in today’s market and a marketing plan that will get results. Always happy to chat things through and answer your questions.

My best advice for buyers AND sellers is to work with a trusted professional with their finger on the pulse of the market. This is the best way to fully understand what is happening in your specific local market.

Below are the stats for Surrey (all areas), Abbotsford & Chilliwack. If looking for specific details for the Fraser Valley or Chilliwack, send me an email.

Earlier this year I wrote “Is it possible to Time The Real Estate Market” – and the short answer remains “no”. Take a look at the article which includes key questions for anyone considering a real estate purchase.

CONCLUSION

There are opportunities – so if you are curious about what this means for your real estate plans – let’s talk. Now is a great time for buyers, but that doesn’t mean you should rush your decision. Consult a professional for current market insights and advice to help you make your move.

Surrey Combined Market Stats

Abbotsford Market Stats

Chilliwack Market Stats

1 – The Fraser Valley Real Estate Board consists of the communities of Abbotsford, Langley, Mission, North Delta, Surrey and White Rock