The Fraser Valley real estate market remained favourable for buyers in June 2026 as elevated inventory and improving affordability continued to shape market conditions across the region. Sales increased modestly from May, but overall activity remained below both June 2025 levels and historical seasonal averages, reflecting a market where buyers continue to take a measured approach despite greater choice and softer prices.
June highlighted a market that continues to offer opportunities for well-prepared buyers. While affordability has improved and inventory remains abundant, many households are still proceeding cautiously due to ongoing economic uncertainty. Sellers continue to face increased competition, making realistic pricing and strong marketing more important than ever.
Sales, New Listings & Inventory
In June, the Fraser Valley Real Estate Board (FVREB) recorded 1,147 home sales on its MLS®, representing a 2% increase compared to May, but 4% fewer sales than June 2025. Although sales activity improved slightly month-over-month, it remained approximately 30% below the 10-year seasonal average, indicating that buyer demand continues to recover gradually.
New listings remained relatively stable. The Board recorded 3,303 new listings, virtually unchanged from May but 9% lower than June 2025, suggesting that many sellers continue to take a cautious approach while monitoring market conditions.
Active listings climbed to 10,377 homes, a 2.3% increase from May and approximately 29% above the 10-year seasonal average, continuing to provide buyers with substantial selection and negotiating leverage.
The overall sales-to-active listings ratio remained at 11%, keeping the Fraser Valley firmly in buyer’s market territory. A balanced market typically falls between 12% and 20%, indicating that supply continues to outweigh demand across much of the region.
MLS® HPI Benchmark Price Activity
Benchmark prices continued to soften in June as inventory remained elevated and buyer-friendly conditions persisted.
The composite benchmark price for all residential property types declined 0.9% month-over-month to $885,400, leaving it 7.0% lower than June 2025.
Major housing categories performed as follows:
Detached Homes:$1,350,200
Down 1.2% month-over-month and 7.7% year-over-year.
Townhomes:$764,100
Down 0.7% month-over-month and 7.3% year-over-year.
Apartments/Condos:$476,400
Down 1.5% month-over-month and 9.1% year-over-year.
While benchmark prices continued to ease, improving affordability and elevated inventory are creating favourable conditions for buyers entering the market.
Average Days on Market
Homes continued to sell within several weeks during June, with timelines remaining relatively consistent across all major property types.
Detached Homes: 37 days on average
Townhomes: 33 days on average
Apartments/Condos: 38 days on average
These selling timelines indicate that buyers remain active but continue to carefully compare available properties before making purchasing decisions.
Regional Highlights
Across Fraser Valley communities, benchmark prices generally continued to soften compared to both May and the previous year.
Abbotsford: Detached benchmark price declined to approximately $1,165,300, down 0.8% month-over-month and 5.8% year-over-year.
Mission: Detached benchmark price increased slightly to approximately $945,000, up 0.4% from May, while remaining 5.6% below June 2025.
City of Surrey (combined): Detached benchmark price eased to approximately $1,439,100, down 0.6% month-over-month and 7.5% year-over-year.
Langley: Detached benchmark price declined to approximately $1,510,400, down 0.8% from May and 8.4% below last year’s level.
South Surrey / White Rock: Detached benchmark price remained among the region’s highest at approximately $1,703,600, down 1.4% month-over-month and 6.4% year-over-year.
North Delta: Detached benchmark price eased to approximately $1,251,000, down 0.4% from May and 4.5% lower than June 2025.
Market Outlook
According to FVREB Chair Ishaq Ismail, improving affordability and elevated inventory continue to create opportunities for buyers, but many households remain hesitant despite favourable market conditions. Buyers have more time to evaluate properties and negotiate, creating a healthier and more balanced purchasing environment than in recent years.
FVREB CEO Baldev Gill noted that while market fundamentals have improved for buyers, many are still waiting for greater economic certainty before making major purchasing decisions. Increased housing choice and softer prices are encouraging, but consumer confidence remains measured.
As 2026 Progresses
For Buyers
Improving affordability, elevated inventory, and continued buyer-friendly conditions provide excellent opportunities for those who are financially prepared. With more homes available and less competition than in recent years, buyers have greater flexibility to compare properties and negotiate favourable terms.
For Sellers
Competition remains strong as buyers have abundant choice. Sellers who price their homes competitively, present them well, and implement effective marketing strategies will be best positioned to attract serious buyers and achieve successful sales.
