The Fraser Valley housing market entered 2025 with encouraging early activity, but tariff threats and rising economic uncertainty quickly cooled demand and set the tone for the rest of the year. December activity reflected typical seasonal slowing, but also capped one of the quietest years for sales in more than two decades.
The Fraser Valley Real Estate Board recorded 919 sales on its Multiple Listing Service® (MLS®) in December, down 2.5 per cent from November and 7.5 per cent below December 2024. While month-over-month declines were modest, year-end totals underscore the broader trend: 12,224 sales in 2025, down 16 per cent from 2024 and roughly one-third below the 10-year seasonal average.
New listings pulled back sharply in December, falling 39 per cent month-over-month to 1,350, in line with typical year-end seasonality. Buyers had more choice than at any point in decades, as new listings climbed to a 40-year high of 37,963 in 2025. Overall inventory remained above historical norms, finishing the year with 6,965 active listings — 11 per cent higher than December 2024.
The reduction in new supply helped lift the Fraser Valley’s sales-to-active listings ratio to 13 per cent in December, reflecting seasonal dynamics rather than a meaningful change in underlying demand. A balanced market is typically defined by a ratio between 12 and 20 per cent.
Sales-to-Active Ratio (December)
- Overall: 13%
- Detached: 13%
- Townhouses: 20%
- Apartments: 16%
Benchmark Prices
Prices continued their gradual descent in December, extending a trend that began in the spring. The composite Benchmark price for all home types in the Fraser Valley declined 0.7 per cent month-over-month to $905,900, ending the year down six per cent compared to December 2024 and approximately 24 per cent below the March 2022 peak.
Change in price: month-to-month
- Detached: $1,388,400 (–1.2%)
- Townhouse: $781,300 (+0.3%)
- Apartment: $491,600 (–1.0%)
For REALTORS®, December’s data reinforces the broader 2025 narrative: buyers had time, leverage, and choice throughout the year, while sellers faced ongoing competition and the need for realistic pricing strategies. As the market heads into 2026, attention will turn to whether easing economic pressures and improved confidence translate into stronger buyer engagement, or whether patience continues to define market behaviour in the months ahead.
To learn more about HPI Benchmark prices by sub-area, click here. For a more detailed look at the Fraser Valley market watch Eye on the Market or click here to view the Monthly Statistics Package.