Fraser Valley Real Estate Board Reports June 2026 Market Trends: Composite Benchmark Price at $1,064,700

Fraser Valley Real Estate Board — June 2026

In June 2026, the Fraser Valley real estate market sees a composite benchmark price of $1,064,700, reflecting a 6.0% decrease year-over-year. Total sales reach 40, with 119 new listings and 347 active listings, indicating a market that favors buyers.

Market Analysis

The Fraser Valley real estate market continues to exhibit signs of a buyer's market as the months of inventory stand at 8.7, suggesting ample supply relative to demand. With a sales-to-new-listings ratio (SNLR) of 33.6%, the market is experiencing slower sales activity, which is consistent with the overall decline in prices. The decrease in the composite benchmark price from $1,075,700 in May to $1,064,700 in June further underscores the current trend of softening prices amidst increased inventory levels.

Property Type Analysis

In terms of property types, the detached homes have a benchmark price of $1,232,700, while attached/townhouses and apartments are priced at $868,600 and $505,000, respectively. Although specific sales data for each property type is not available, the significant price differences indicate varying levels of demand and buyer preference across these categories.

Regional Highlights

Regionally, the Fraser Valley continues to grapple with the effects of rising interest rates and economic uncertainty, which have contributed to the slowdown in sales. The increase in new listings to 119 suggests that homeowners are responding to market conditions by listing their properties, further contributing to the growing inventory of 347 active listings.

For Buyers

For prospective buyers, this period presents an opportunity to negotiate favorable terms due to the current buyer's market. With a variety of properties available and a significant number of new listings, buyers are encouraged to conduct thorough research and consider their options carefully before making a purchase.

For Sellers

Sellers should be mindful of the current market conditions and the downward trend in prices. To attract potential buyers, it is advisable to price properties competitively and ensure they are presented in the best possible condition to stand out in a crowded market.