Joanne Taylor
Awarded
Rotarian of the Year
Rotary Club of South Surrey
2013
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FVRB News Release December 2, 2025
Early Fall Momentum Slows as Fraser Valley Sales Dip in November
SURREY, BC – Easing prices and abundant inventory weren’t enough to entice buyers to the Fraser Valley market in November, as sales declined in line with seasonal buying patterns.
The Fraser Valley Real Estate Board recorded 943 sales on its Multiple Listing Service® (MLS®) in November, a 16 per cent decrease from October, and 17 per cent below sales from the same month last year.
New listings slowed again in November, down 26 per cent month-over-month and seven per cent year-over-year, to 2,210. Overall inventory remains well above seasonal norms for the Fraser Valley, with 9,201 active listings, down nine per cent from October and 47 per cent above the 10-year seasonal average.
“Affordability concerns and economic pressures are weighing heavily on many Fraser Valley households,” said Tore Jacobsen, Chair of the Fraser Valley Real Estate Board. “Our REALTORS® understand how personal and complex these decisions are. But there are encouraging signs for buyers. Composite prices are closer to early-2023 levels, inventory has improved, and there is more space to negotiate than we’ve had in recent years.”
The Fraser Valley remains firmly in a buyer’s market, with an overall sales-to-active listings ratio of 10 per cent in November, down one per cent from October. A balanced market is typically defined by a ratio between 12 and 20 per cent.
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.
"With mortgage conditions tightening, buyers are encountering increased scrutiny and higher down payment expectations from lenders,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “These constraints can delay transactions and influence overall activity in the market. That’s why working with an experienced REALTOR® is critical — someone who understands the landscape and can guide clients through these obstacles with confidence."
The composite Benchmark price for a typical home in the Fraser Valley decreased 0.7 per cent in November, to $912,400.
Full package: https://www.fvreb.bc.ca/statistics/Package202511.pdf
MLS BENCHMARK PRICE ACTIVITY for NOVEMBER 2025 for *WHITE ROCK/SOUTH SURREY*
• Single Family Detached: At $1,746,100, the Benchmark price for a single-family detached home in the South Surrey/White Rock area decreased 6% from $1,856,600 from November last year and decreased 1.8% from last month in October ($1,715,000).
• Townhomes: At $876,500 the Benchmark price for a townhome decreased 8.1% from November last year ($953,700) and decreased 0.6% from last month in October ($881,600).
• Apartments: At $574,900 the Benchmark price for apartments/condos decreased 6.4% from $613,900 compared to November last year, and decreased 0.7% from last month in October ($578,900).
SALES FOR NOVEMBER 2025 (for *WHITE ROCK & SOUTH SURREY*)
Detached: 55 sales, down from 58 last month and down from November last year (59).
Townhouses: 47sales, down from 50 last month and up from 32 last year in November.
Apartments: 38 sales, down from 48 last month and down 33.3% from November last year (57).
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The Importance of Market Data
One of the most important marketing tools Joanne uses in pricing and marketing a property is market statistics. This information includes comparisons between ‘listed’ properties (properties currently for sale) and ‘sold’ properties (properties that sold within a one-month period).
These comparisons are generated at the end of every month by the Multiple Listing Service® and are not available to the public. These reports help to determine the Current Market Conditions affecting your specific neighbourhood.
The “Sales-To-Actives Ratio” tells the percentage of inventory that is selling in a given month (sales for the month divided by the Active Listings = the per centage of homes that are selling). This provides a better idea of the sense of balance between total supply and demand.
To determine the type of Market, if 11 to 20 per cent of inventory is selling (with give & take), the market is balanced. A Seller's Market is when more than 20 per cent is selling, and when it's less than 11 per cent the reverse is the case and buyers have the upper hand.
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.