Fraser Valley Real Estate Board Reports June 2026 Market Trends: Prices Decline, Buyer Conditions Persist

Fraser Valley Real Estate Board — June 2026

In June 2026, the Fraser Valley Real Estate Board reports a composite benchmark price of $884,800, reflecting a 1.2% decrease year-over-year. Total sales reached 1,147, a slight increase from May, while active listings rose to 10,377, indicating a continued buyer's market.

Market Analysis

The Fraser Valley real estate market remains firmly in buyer-friendly territory as prices continue to decline. The composite benchmark price has dropped 1.2% from the previous year and 0.9% from May 2026, reinforcing the trend of affordability as prices sit 26% below their peak in 2022. With 3,303 new listings in June, seller activity has stabilized, yet remains 9% lower than last year, contributing to a months of inventory figure of 9.0, indicating ample supply relative to demand. The sales-to-active listings ratio stands at 11%, suggesting that buyers have the upper hand in negotiations, as a balanced market is typically characterized by a ratio between 12% and 20%.

Property Type Analysis

While specific benchmark prices for detached, attached, and apartment properties are not available this month, the overall trend indicates a decline across the board. The average days on market for single-family detached homes is 37 days, while townhomes and condos average 33 and 38 days, respectively. This suggests that while buyers are taking their time to make decisions, the market remains active, with opportunities available in various property types.

Regional Highlights

Regionally, the Fraser Valley continues to experience varied trends, with some areas seeing more significant price adjustments than others. The recent agreement between Build Canada Homes and BC Housing may introduce additional supply, potentially easing some of the inventory constraints in the future, although the specifics of this impact remain unclear at this time.

For Buyers

For prospective buyers, the current market conditions present a unique opportunity to enter the market or upgrade to a larger home. With prices declining and a substantial number of active listings, buyers are encouraged to take advantage of the favorable conditions and negotiate effectively, as the competition remains subdued.

For Sellers

Sellers should be mindful of the current market dynamics, as the number of active listings continues to outpace sales. To attract potential buyers, it is advisable to price homes competitively and ensure properties are well-presented. Given the longer average days on market, sellers may need to be patient and flexible in negotiations.