What Buyers Are Experiencing
This is one of the most buyer-friendly markets we've seen in years. Inventory is high, competition is low, and prices are holding relatively steady. In many cases, buyers can take their time — viewing multiple similar properties without pressure to make an offer on the spot. It's a sharp contrast to the high-paced bidding wars of past years.
Homes are taking an average of 32 days to sell for detached properties, and 29 days for townhomes and condos, suggesting buyers are deliberate in their decision-making.
For those in the market, this is an ideal time to negotiate — especially with the sales-to-active listings ratio sitting at just 10%, a clear indicator of a buyer’s market.
Why Aren’t More Homes Selling?
Despite favorable conditions for buyers, overall sales numbers remain underwhelming. April saw just 1,043 sales, virtually unchanged from March and down 29% from the same time last year.
Several factors appear to be holding buyers back: continued economic uncertainty, interest rate anxiety, and broader caution in the face of mixed signals about where the market — and the economy — are headed.
While there's cautious optimism with new federal leadership potentially introducing pro-growth measures, many prospective buyers are still waiting to see concrete changes before committing.
What This Means for Sellers
For sellers, the message is clear: pricing and presentation matter more than ever. With inventory up and demand relatively flat, standing out in the market is essential. Small price reductions or strategic staging may be necessary to attract serious offers.
Benchmark prices have remained relatively flat month-to-month:
Detached homes: $1,506,600 (+0.1% from March, -1.3% YoY)
Townhomes: $833,100 (-0.1% from March, -2.4% YoY)
Apartments: $537,800 (-0.6% from March, -3.2% YoY)
Bottom Line
Whether you're buying or selling, the Fraser Valley market offers unique opportunities — but also calls for strategy. Buyers have more power than they’ve had in years, and sellers need to be realistic, proactive, and informed.
{See Home Price Trends in Your Area and Connect with us to explore MLS® HPI data : https://rem.ax/4k4iEDd )
The market may not be moving fast, but that doesn’t mean you can’t. In fact, now might be the perfect time to plan your next move.
Thinking about making a move?
Whether you're curious about your buying power or wondering how to position your home in today’s market, Elevation Real Estate Group is here to guide you every step of the way.
Get a free home evaluation or schedule a personalized buyer’s strategy session with our team today.
