Slow Start to Spring: What's Really Happening in the Fraser Valley?
The Fraser Valley real estate market is off to a surprisingly sluggish start in Spring 2025, with March sales nearly 50% below the 10-year average — making it the slowest spring kickoff in over 15 years.
As your trusted local REALTOR®, I’m Omeed Ghafori, and I’m here to break down the numbers and explain what this means for buyers and sellers across South Surrey, White Rock, and the greater Fraser Valley region.
Key Takeaways from the March 2025 Market Stats:
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Sales Still Sluggish: Only 1,036 home sales were recorded in March, which is 26% below the same time last year. While that’s a 13% increase from February, it’s clear that confidence is still shaky.
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Inventory is Growing: New listings jumped 22% month-over-month to 3,800, bringing the total active listings to 9,219 — a decade-high and 59% above the seasonal 10-year average.
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Why So Slow? Tariffs and overall economic uncertainty are playing a big role. Buyers are facing tighter financing conditions, while many sellers are hesitant to adjust their prices. This mismatch is leading to a classic market stalemate.
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Sales-to-Active Listings Ratio: Currently at 11%, we are firmly in a buyer’s market. (Balanced market = 12-20% range.)
South Surrey & White Rock Snapshot – March 2025
Detached Homes
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Benchmark Price: $1,904,300 (⬆ 1.3% from Feb, ⬇ 3.9% from Mar 2024)
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Sales: 41 homes (⬆ 5.1% from Feb, ⬇ 37.9% from Mar 2024)
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Active Listings: 549 (⬆ 20.9% from Feb, ⬆ 53.8% year-over-year)
Townhomes
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Benchmark Price: $946,400 (⬆ 0.5% from Feb, ⬇ 3.4% from Mar 2024)
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Sales: 53 (⬆ 1.9% from Feb, ⬇ 23.2% year-over-year)
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Active Listings: 252 (⬆ 15.1% from Feb, ⬆ 88.1% from Mar 2024)
Condos / Apartments
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Benchmark Price: $626,000 (⬆ 1.6% from Feb, ⬇ 1.2% year-over-year)
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Sales: 53 (flat month-over-month, ⬇ 11.7% from last year)
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Active Listings: 423 (⬆ 15.9% from Feb, ⬆ 88.8% year-over-year)
What This Means for Buyers
Buyers, this is your moment. With increased inventory and lower competition, you're in a better position to negotiate favourable terms. Mortgage conditions may be tighter, but opportunities are there — especially if you’re upsizing or entering the market for the first time.
What This Means for Sellers
Sellers, pricing strategically has never been more important. Homes that are well-prepared, staged, and priced appropriately are still moving. However, overpricing in this environment could result in prolonged days on market and eventual price reductions.
Working with an experienced, local REALTOR® like myself — Omeed Ghafori — means you get data-driven pricing, expert staging guidance, and an aggressive marketing plan tailored to today’s shifting conditions.
Final Thoughts
Whether you're buying or selling in South Surrey, White Rock, or anywhere in the Fraser Valley, now more than ever, it's critical to work with someone who understands the nuances of this market.
Have questions about your neighbourhood’s performance or thinking about making a move? Contact me, Omeed Ghafori, for a personalized strategy session.
📞 778-316-7506
🌐 www.OmeedGhafori.com
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