Market activity in the Fraser Valley fell off in November, with early-fall momentum tapering off as many buyers continued to sit on the sidelines. Affordability challenges, economic uncertainty, and tighter lending conditions continue to shape buyer behaviour, keeping overall demand well below typical seasonal levels.
The Board recorded 943 sales on its MLS® in November — a 16 per cent decrease from October, 17 per cent below November 2024, and 30 per cent below the 10-year seasonal average. While a slowdown is typical heading into winter, the numbers reflect a broader pattern of cautious buyer activity seen throughout much of the year.
New listings also declined, with 2,210 homes coming to market in November, down 26 per cent month-over-month and seven per cent year-over-year. Despite fewer new listings, total inventory remains elevated compared to historical norms. The Fraser Valley ended the month with 9,201 active listings, down nine per cent from October but still 47 per cent above the 10-year seasonal average — maintaining strong competition among sellers.
Sales-to-Active Ratio
Detached: 11% (no change from October)
Townhouses: 16% (down 2% from October)
Apartments: 11% (down 1% from October)
Benchmark Prices
The composite Benchmark price for all home types in the Fraser Valley decreased 0.7 per cent month-over-month to $912,400, marking a 5.9 per cent decline compared to November 2024.
Change in price: month-to-month
- Detached: $1,405,500 –0.6%
- Townhouse: $778,700 –0.8%
- Apartments: $496,500 –1.0%
Days on Market
Across the Fraser Valley in November, the average number of days to sell a single-family detached home was 52 days, while for a condo it was 41 days. Townhomes took, on average, 37 days to sell.
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.