Fraser Valley home prices drop in June, but buyers still holding back: FVREB

FRASER VALLEY – Home prices continue to drop throughout the Fraser Valley, but buyers are still holding out for the best deal.

The Fraser Valley Real Estate Board says homes between Abbotsford and White Rock became slightly more affordable in June 2026, with benchmark prices now 26 per cent below their 2022 peak price. The board said prices dipped another 0.9 per cent during June, highlighting buyer-friendly conditions despite an overall

The FVREB registered 1,147 sales in the Multiple Listing Service system in June, a two per cent uptick from May but a drop of four per cent versus June 2025 sales figures.

After pulling back in May, seller activity levelled off in June, with 3,303 new listings—virtually unchanged from May—but still nine per cent below last year’s pace.

“The Fraser Valley spring market has underperformed expectations despite improving affordability and more choice for buyers,” said Ishaq Ismail, chair of the Fraser Valley Real Estate Board. “Opportunities are clearly there. The question is whether qualified buyers on the sidelines recognize the value available today. For those looking to enter the market or move up, current conditions present a compelling opportunity.”

The Fraser Valley from Abbotsford to White Rock enters the summer market with 10,377 active listings, recording a level of supply that continues to keep competition in check and create favourable conditions for buyers.

With a sales-to-active listings ratio of 11 per cent in June, the Fraser Valley remains in buyer’s market territory. A balanced market is typically defined by a ratio between 12 and 20 per cent.

“Buyers are still holding back despite some improving conditions,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “The recent agreement between Build Canada Homes and BC Housing may help add supply and improve access to ownership, however, with details still unclear it’s difficult to assess the practical impact for buyers.”

Across the Fraser Valley in June, the average number of days to sell a single-family detached home was 37 days, while for a townhome, it was 33 days. Condos took, on average, 38 days to sell.

A single-family detached home in the Fraser Valley had a benchmark price of $1,350,200, a drop of 1.2 per cent compared to May 2026 and a decrease of 7.7 per cent versus June 2025.

A townhouse in the Fraser Valley had a benchmark price of $764,100, a drop of 0.7 per cent compared to May 2026 and a drop of 7.3 per cent compared to June 2025.

Apartments in the Fraser Valley saw a similar drop of 1.5 per cent to $476,400 in June 2026 compared to May 2026; compared to June 2025, benchmark prices for apartments decreased 9.1 per cent versus June 2025.

The Fraser Valley Real Estate Board consists of roughly 5,000 real estate professionals in Abbotsford, Langley, Mission, Surrey, North Delta, and White Rock. It is the exclusive source of statistics and information for the Fraser Valley real estate market.