Abbotsford and Mission BC Real Estate October 2025 Report

Fraser Valley home sales climbed for the second straight month in October, a sign that some buyers may be responding to steadily easing prices.

The Fraser Valley Real Estate Board recorded 1,123 sales on its Multiple Listing Service® (MLS®) in October, a 17% increase from September, but 16% below sales from the same month last year.

After a short-lived rise in September, new listings slowed in October, down 14% month-over-month and 7% year-over-year, to 2,967. Overall inventory remains well above seasonal norms for the Fraser Valley, with 10,121 active listings, down 4% from September but up 15% year-over-year.

“Motivated sellers are responding to increasingly competitive market conditions with more realistic pricing strategies,” said Tore Jacobsen, Chair of the Fraser Valley Real Estate Board. “As a result, we’re seeing prices soften—a shift that’s helping to facilitate sales in a slower market.”

The Fraser Valley remains firmly in a buyer’s market, with an overall sales-to-active listings ratio of 11% in October, up from 9% in September. The modest increase reflects a rise in sales alongside a slight decline in inventory. A balanced market is typically defined by a ratio between 12% and 20%.

Across the Fraser Valley in October, the average number of days to sell both a single-family detached home and a condo was 42 days; while for a townhome it was 37 days.

“While these early signs are encouraging, the path back to seasonal average sales levels will take time,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “As more new supply comes on stream and sellers adapt to the shifting dynamics, we expect the market to respond accordingly.”

In Mission, the sales picture was mixed during the month:

  • Townhouse sales saw an encouraging 11.1% gain over September, suggesting solid demand in this segment.
  • However, both Detached and Apartment sales pulled back, falling 12.1% and 42.9% respectively, compared to September.
  • The Detached Benchmark Price held relatively steady month-over-month at $1,015,400, while the Townhouse price saw a modest 1.0% decrease to $646,000.

By comparison, Abbotsford saw a welcome resurgence in month-over-month sales across all housing types, signaling increased buyer activity, particularly for townhouses which saw a 35.1% surge in sales.

📉 MLS® HPI Benchmark Price Activity

The composite Benchmark price for a typical home in the Fraser Valley decreased 0.7% in October, to $919,900. This consistent easing of prices is a major driver behind the uptick in sales volume.

  • Single Family Detached: At $1,411,900 the Benchmark price for an FVREB single-family detached home decreased 0.6 per cent compared to September 2025 and decreased 5.1 per cent compared to October 2024.
  • Townhomes: At $786,000 the Benchmark price for an FVREB townhome decreased 1.2 per cent compared to September 2025 and decreased 5.6 per cent compared to October 2024.
  • Apartments: At $506,400 the Benchmark price for an FVREB apartment/condo decreased 0.8 per cent compared to September 2025 and decreased 6.8 per cent compared to October 2024.

đź’ˇ A Continued Buyer’s Market

In conclusion october reinforced the Fraser Valley as a firm buyer’s market. With softening prices, high inventory, and a sales-to-active listings ratio of 11%, buyers have increased power and selection. For those specifically looking at Mission BC Real Estate October trends, the stability of the detached benchmark price and the surge in townhome sales indicate targeted opportunities within a challenging overall market.

Ready to start your search with the confidence of an expert? Let’s discuss your local market strategy in the Fraser Valley. Contact me today to put this First-Time Homebuyers Guide into action!