The latest numbers confirm the Fraser Valley housing market is settling into a true buyer’s environment as we close out the year. The November 2025 data shows early fall momentum has slowed, primarily due to seasonal patterns combined with persistent economic pressures.

This Fraser Valley housing market update provides a clear picture: high inventory and consistently dropping prices mean negotiating power is strongly favouring those ready to buy.

Sales Slowdown & High Inventory Define the Market

Sales volumes dipped in November, falling below seasonal averages. This slowdown isn’t surprising, given the typical year-end pace and ongoing affordability challenges.

  • Sales Activity: The Fraser Valley Real Estate Board recorded 943 sales in November, representing a 16% decrease from October. Sales were also 17% lower year-over-year.
  • Inventory Levels: Despite new listings slowing by 26% month-over-month, overall inventory remains exceptionally high at 9,201 active listings. This massive supply pool sits 47% above the 10-year seasonal average.

This abundance of choice is reflected in the key market indicator: the overall sales-to-active listings ratio dropped to 10 per cent. Since a balanced market sits between 12% and 20%, the 10% ratio confirms the Fraser Valley remains firmly a Buyer’s Market.

Price Trends and Time on Market

The most encouraging news for buyers is the steady, region-wide cooling of prices and the longer time sellers must wait for a sale.

The composite Benchmark price for a typical home in the Fraser Valley decreased by 0.7 per cent in November to $912,400. This consistent easing brings prices closer to early-2023 levels, creating critical opportunities for first-time buyers and those looking to move up.

Homes across the board are taking longer to sell, giving buyers time for due diligence, securing financing, and negotiating terms. This combination of inventory, price easing, and time defines the current Fraser Valley housing market update as highly favourable for purchasing.

The Role of Tightening Mortgage Conditions

As Baldev Gill, CEO of the FVREB, noted, activity is being constrained by tightening mortgage conditions. Buyers are facing “increased scrutiny and higher down payment expectations from lenders.”

This is why having an experienced local REALTOR® is vital:

  • Navigating Obstacles: We guide clients through complex new lender requirements and help secure financing before submitting an offer.
  • Maximizing Leverage: We help you capitalize on the “space to negotiate” mentioned by Chair Tore Jacobsen, ensuring you get the best possible terms on price, conditions, and closing timelines.

The latest Fraser Valley housing market update shows the holidays offer a unique window: committed buyers can avoid the competitive spring rush, leveraging high choice and high negotiating power. Now is the time to finalize your budget and enter the market strategically.

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!e