Fraser Valley Real Estate Market Update – July 2025

The Fraser Valley real estate market remains strong and balanced through July 2025. As summer reaches its peak, both buyers and sellers are active; however, price sensitivity and well-informed decision-making are defining the tone of today’s transactions.

With interest rates expected to shift in the coming months, many are eager to take advantage of current conditions. Here's your latest market update across Surrey, Langley, Abbotsford, and Chilliwack.

🏡 Market Snapshot – July Highlights

The Fraser Valley Real Estate Board (FVREB) reports:

• Sales remain consistent with June, with only a slight 2% dip

• Inventory levels are stable, providing a balanced market

• Well-presented homes are still drawing strong attention

• Detached homes and townhomes are most in demand, especially in Langley and East Abbotsford

📊 Home Price Trends – July 2025

Average home prices remain steady across the region:

• Detached Homes

  • Surrey: $1.22M

  • Langley: $1.18M

  • Abbotsford: $960K

• Townhomes

  • Langley: $805K

  • Abbotsford: $715K

• Condos

  • Across Fraser Valley: $555K–$665K

💰 Interest Rate Watch – Buyers Stay Cautiously Active

Interest rates remain between 5.4% and 5.6%, but expectations are rising for a Bank of Canada rate cut by late summer or early fall. That optimism has kept buyer activity steady, particularly among those with locked-in pre-approvals.

Some buyers are adopting a “buy now, refinance later” strategy to hedge against potential fall competition.

📈 Advice for Sellers in July 2025

If you're thinking of listing:

• Now is still a good time, especially before the fall market rush

• Focus on clean presentation, decluttering, and curb appeal

• Make your home stand out with professional photography and video

👀 Buyer Tips for July: Opportunity is in the Details

• Look for motivated sellers with longer days on market

• Focus on Langley, Mission, and East Abbotsford for the best detached home value

• Consider condos and townhomes if you’re priced out of the detached segment

Remember: summer is competitive, but less frantic than spring, giving buyers more breathing room to negotiate and inspect.

Looking Ahead to Fall 2025

While summer activity remains stable, we anticipate a busier fall, especially if interest rates drop. Price growth may return to key markets like South Surrey, Willoughby, and Central Abbotsford. The window to buy before a possible fall surge may be closing soon.

Let’s Talk About Your Real Estate Goals

Whether you're planning to list in late summer or hoping to buy before rates shift, our team is ready to guide you with the latest market insights and personalized service.

📞 Book a free market consultation or home evaluation today!