October 2024 closed with the Fraser Valley composite HPI benchmark at $974K, 3.4% lower than the same month a year earlier. The HPI is CREA and the boards' quality-adjusted typical-home benchmark — it filters out the noise that comes from mix shifts (more high-end sales pulling the average up, more entry-level pulling it down).
Month-over-month the benchmark eased 0.6%. 1,188 sales were reported against 6,570 active listings on the books.
The sales-to-active ratio sat at 18.1%, putting Fraser Valley in balanced market territory by board convention (≤12% buyers', 12–20% balanced, ≥20% sellers').
For neighbourhood-level detail across the Fraser Valley territory, see the per-area pages — each one carries the latest benchmark for that specific neighbourhood. For a buying or selling consultation, reach Bronson directly at 778-867-2766.
Frequently Asked
- What was the Fraser Valley HPI benchmark price in October 2024?
- October 2024's composite HPI benchmark for the Fraser Valley Real Estate Board territory was $974K. That's lower 3.4% year-over-year and down 0.6% month-over-month. The HPI is the industry-standard quality-adjusted price benchmark, computed by CREA and the boards.
- Was October 2024 a buyers' market or sellers' market in Fraser Valley?
- The sales-to-active-listings ratio for October 2024 was 18.1%. By Fraser Valley convention, a ratio of 12% or below is a buyers' market, 12–20% is balanced, and above 20% is a sellers' market.
- What does the Fraser Valley board cover?
- The Fraser Valley Real Estate Board territory covers Surrey, White Rock, Delta, Langley, Abbotsford, Mission, North Delta, and surrounding South Fraser communities. Bronson Job PREC, REALTOR® serves clients across this footprint as well as adjacent Greater Vancouver communities through dual board membership.
Source: Fraser Valley Real Estate Board. Composite HPI benchmark across all property types (detached, townhouse, apartment). Aggregate measures — specific properties may transact above or below the benchmark. HPI is the CREA / board industry-standard quality-adjusted price index.