A simple, clear snapshot of what’s happening in your neighbourhood.

The Fraser Valley market continued to cool in November as sales slowed and inventory remained higher than usual for this time of year. Despite more homes to choose from and softer pricing, many buyers remained cautious due to affordability concerns and tighter lending conditions.

The region is firmly in a buyer’s market, with a 10% sales-to-active listings ratio (a balanced market is typically 12–20%). Homes are taking longer to sell, and buyers have more negotiating room compared to the fast-paced markets of recent years.

Here’s a breakdown of what happened in November across the Fraser Valley.

Fraser Valley at a Glance

• Sales: 943 (↓16% from October, ↓17% year-over-year)

• New Listings: 2,210 (↓26% from October, ↓7% year-over-year)

• Active Listings: 9,201 (↓9% from October, but still 47% above 10-year seasonal average)

• Composite Benchmark Price: $912,400 (↓0.7% from October)

Days on Market:

• Detached: 52 days

• Townhomes: 37 days

• Condos: 41 days

Home Prices by Property Type (Fraser Valley)

• Detached: $1,405,500 (↓0.6% MoM, ↓5.4% YoY)

• Townhomes: $778,700 (↓0.8% MoM, ↓6.8% YoY)

• Condos: $496,500 (↓1.0% MoM, ↓6.9% YoY)

Neighbourhood Snapshots

A simple overview of how each major area performed.

Abbotsford

• Detached: $1,215,400 (↓3.1% MoM)

• Townhomes: $638,100 (↓1.0% MoM)

• Condos: $406,600 (↓1.1% MoM)
  Market Feel: Softer pricing, moderate inventory, slower sales. Good selection for buyers looking for affordability.

Mission

• Detached: $981,700 (↓3.4% MoM)

• Townhomes: $646,700 (flat)

• Condos: $428,400 (↓0.7% MoM)
  Market Feel: Detached homes saw notable price declines. Attached homes remain steadier.

White Rock / South Surrey

• Detached: $1,746,100 (↑1.8% MoM — one of the few areas with an increase)

• Townhomes: $876,500 (↓0.6% MoM)

• Condos: $574,900 (↓0.7% MoM)
  Market Feel: Luxury detached remains resilient; attached homes continue a slow downward trend.

Langley

• Detached: $1,543,400 (↓0.3% MoM)

• Townhomes: $827,500 (↓0.5% MoM)

• Condos: $564,200 (↓1.1% MoM)
  Market Feel: Stable but trending slightly downward. Inventory is healthy, offering buyers more options.

North Delta

• Detached: $1,252,200 (↓2.5% MoM)

• Townhomes: $916,200 (↑4.1% MoM — strongest townhouse gain in the region)

• Condos: $529,900 (↓1.0% MoM)
  Market Feel: Townhomes buck the downward trend; detached sees notable correction.

Surrey – Combined (North, Central & Cloverdale – excluding South Surrey)

• Detached: $1,502,000 (↑0.4% MoM)

• Townhomes: $791,900 (↓1.2% MoM)

• Condos: $485,600 (↓1.1% MoM)
  Market Feel: Detached prices holding relatively steady; condos and townhomes continue softening.

Surrey Breakdown:

Central Surrey

• Detached: $1,413,300

• Townhomes: $767,700

• Condos: $509,000
  Notes: Prices down across the board YoY; steady month-over-month performance.

Cloverdale

• Detached: $1,406,500

• Townhomes: $778,900

• Condos: $546,900
  Notes: Slight monthly decline; values remain consistent with fall trends.

North Surrey

• Detached: $1,391,600

• Townhomes: $690,800

• Condos: $433,100
  Notes: Condos and townhomes show some of the region’s steepest YoY declines.

What This Means for Buyers & Sellers

For Buyers

• More inventory = more choice and negotiating power.

• Prices are trending downward in most areas.

• Longer days on market mean sellers are more flexible.

For Sellers

• Pricing sharply and strategically is essential.

• Homes are taking longer to sell, so strong marketing and presentation matter.

• Detached homes in South Surrey and parts of Surrey remain resilient compared to attached properties.

Bottom Line

The Fraser Valley is firmly in a buyer’s market heading into the winter months. Prices are softening, sales have slowed, and inventory remains relatively high. For buyers, this is a window of opportunity. For sellers, preparation, pricing, and professional marketing are more important than ever.

If you want a neighbourhood-specific breakdown for your home—or want to explore buying opportunities—I can prepare a tailored report anytime.