Fraser Valley Real Estate Board Market Report – June 2026: Prices Decline Amid Increased Inventory

Fraser Valley Real Estate Board — June 2026

In June 2026, the Fraser Valley real estate market shows a composite benchmark price of $738,000, reflecting a 6.2% decrease year-over-year. The market experiences a total of 163 sales and 399 new listings, leading to an active inventory of 1,080 properties.

Market Analysis

The Fraser Valley real estate market is currently characterized as a buyer's market, with a months of inventory (MOI) at 6.6. This indicates that the supply of homes is outpacing demand, resulting in downward pressure on prices. The sales-to-new-listings ratio (SNLR) stands at 40.9%, suggesting that while new listings are entering the market, they are not being absorbed quickly enough to maintain price stability. The composite benchmark price has decreased from $739,200 in May 2026, highlighting a trend of declining prices as inventory levels rise.

Property Type Analysis

When examining property types, the benchmark price for detached homes is $1,172,600, while attached/townhouses and apartments are priced at $606,500 and $390,100, respectively. Although specific sales data is not available for the month, the overall trend indicates that buyers may find better opportunities in the attached and apartment markets, where prices are more accessible compared to detached homes.

Regional Highlights

Regionally, the Fraser Valley continues to see an influx of new listings, with 399 properties added this month. This increase in inventory may be attributed to seasonal trends, as sellers often list their homes during the summer months. However, the decline in prices suggests that the market is adjusting to a more balanced state, which may encourage more buyers to enter the market as affordability improves.

For Buyers

For prospective buyers, this may be an opportune time to enter the market, especially with the current buyer's market conditions. With a variety of properties available and prices trending downward, buyers are encouraged to conduct thorough research and consider making offers on homes that meet their needs, as there may be room for negotiation.

For Sellers

Sellers should be aware of the current market dynamics and the increased competition from new listings. To attract buyers, it is advisable to price homes competitively and ensure properties are in excellent condition. Sellers may also benefit from being flexible with negotiations, as buyers are currently in a stronger position.