Fraser Valley Real Estate Board Reports June 2026 Market Trends: 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 $884,800, down 7.1% year-over-year. Total sales reached 1,147, reflecting a slight decrease of 4.0% compared to the same month last year.

Market Analysis

The Fraser Valley real estate market continues to exhibit buyer-favorable conditions, characterized by a significant increase in active listings, which now total 10,377. With a months of inventory (MOI) standing at 9.0, the market is experiencing a notable shift towards buyers, as the sales-to-new-listings ratio (SNLR) sits at 34.7%. This indicates that while new listings surged to 3,303, demand has not kept pace, contributing to the downward pressure on prices.

The average price in June is reported at $954,679, which, while still high, reflects the ongoing adjustment in the market as buyers exercise more negotiating power. The decline in both sales and prices year-over-year suggests that potential buyers are becoming increasingly cautious, likely influenced by broader economic factors and rising interest rates. As inventory levels remain elevated, the market may continue to favor buyers in the near term.

Property Type Analysis

In terms of property types, the benchmark price for detached homes stands at $1,350,200, while attached/townhouses are priced at $764,100, and apartments at $476,400. Although specific sales data for these categories is currently unavailable, the overall trend indicates that detached homes are experiencing the most significant price point, reflecting their continued desirability despite the overall market downturn.

The variance in benchmark prices across property types suggests that buyers may find more affordability in the attached and apartment segments, which could lead to increased activity in those areas as buyers seek value in a competitive market.

Regional Highlights

Regionally, the Fraser Valley continues to see diverse trends across its communities. Areas with higher inventory levels are likely to experience more pronounced price adjustments, while regions with limited supply may maintain more stable pricing. The influx of new listings in June indicates that sellers are responding to market conditions, potentially leading to a more balanced market in the coming months.

For Buyers

For buyers navigating the current market, it is advisable to take advantage of the increased inventory and buyer-friendly conditions. With a higher number of listings available, buyers have the opportunity to explore various options and negotiate better terms. Conducting thorough research and working with a knowledgeable real estate professional can help buyers make informed decisions.

For Sellers

Sellers should be mindful of the current market dynamics and the increased competition from new listings. Setting a competitive price and ensuring that properties are well-presented can attract potential buyers in a market that favors them. It may also be beneficial for sellers to remain flexible in negotiations to facilitate a successful sale.