The market in the Fraser Valley continued to strongly favour buyers in October, with the number of home sales in the region totalling only 11% of the available home listings, new HouseSigma data has found.
October saw 405 home sales across all residential property types, compared with 3,580 total homes available during the month. The sales total was a 5.5% lift compared with September, but nearly 17% lower than the same month last year.
Overall, the median October sale price of a Fraser Valley also rose, month-over-month, by 4.7%, despite a slight decline in the median prices for both detached and condo properties. The overall rise is due to an increase in both the median price and relative sales volume of attached homes during the month.
With the buyers’ market seemingly making sellers cautious, there was a 22% decline in Fraser Valley homes newly put up for sale in October, at 991 new listings.
Across the Fraser Valley’s active listings, October’s average number of property days on market – the total number of days a property has been for sale, including if it was delisted and quickly relisted – was the joint second-highest on HouseSigma’s records at 84 days. Only January 2025 has exceeded this figure, at 91 days, since HouseSigma started collecting this data in January 2020.
Check out the infographic below for more details, including the breakdowns by property type and the region’s most active neighbourhoods.
Karen Grunland, HouseSigma’s broker of record for BC, commented, “Fraser Valley buyers hold all the cards right now. With listings outnumbering sales nine to one, and properties lingering for 84 days, seller motivation is at multi-year highs. It’s time to strike while the opportunity is hot.”
Find all your market trends data for the Fraser Valley here and keep up to date with our BC real estate blog here.