Market stats Fraser Valley Real Estate

The Fraser Valley Real Estate Board released its June 2026 numbers, and the headline is simple: this market keeps getting more affordable, and buyers keep sitting it out. Benchmark prices are now 26 per cent below their 2022 peak. That is not a small correction — it is a genuinely different market than the one most buyers remember. And yet, activity has not caught up to the opportunity.

Let's break this down. The Fraser Valley recorded 1,147 sales in June, up two per cent from May but still about four per cent below where we were this time last year. Sellers, meanwhile, levelled off after pulling back in May — 3,303 new listings came to market, essentially unchanged from the month before, though still nine per cent below last year's pace. Neither side is rushing. Buyers who are qualified and paying attention are the ones finding real value right now.

Here is what the numbers look like on benchmark pricing. The composite benchmark price for a typical Fraser Valley home sits at $884,800, down 0.9 per cent from May and about seven per cent below where it was a year ago.

Single-family detached homes are benchmarking at $1,350,200, down 1.2 per cent from last month and down 7.7 per cent year-over-year.

Townhomes are at $764,100, down 0.7 per cent month-over-month and 7.3 per cent below June 2025.

Apartments are at $476,400, down 1.5 per cent from May and 9.1 per cent below this time last year.

On the supply side, there are 10,377 active listings in the Fraser Valley heading into summer — a level of supply that keeps competition in check and keeps conditions favourable for buyers. The sales-to-active listings ratio sits at 11 per cent. For context, a balanced market is typically between 12 and 20 per cent. We remain in buyer's market territory, and buyers who are financially prepared are finding some of the most favourable conditions this market has offered in some time.

There is also a bigger conversation developing around supply. The recent agreement between Build Canada Homes and BC Housing may help add inventory and improve access to ownership down the road, though with details still unclear, it is hard to say exactly what that means for buyers today. Worth watching, not worth waiting on. Average days to sell were 37 days for detached homes, 33 days for townhomes, and 38 days for condos. Properties are moving — just not overnight. Pricing and presentation still matter enormously.

Here's the reality — the affordability story in the Fraser Valley is real, and it is measurable. Prices are down across every property type compared to a year ago, inventory is healthy, and you are not competing against a wave of aggressive buyers. The question is not whether the opportunity exists. It is whether qualified buyers on the sidelines recognize it before conditions shift.

If you are a move-up buyer with existing equity, this is worth a serious look. If you are a first-time buyer, it is worth checking in with a mortgage broker about where you actually stand — the entry points in the condo and townhome segments have improved meaningfully over the past year.

If you are a seller, the market is still moving. Properties that are priced correctly and show well are getting attention. The buyers who are active right now are serious.

If you are looking for a local real estate expert in South Surrey, White Rock, or the Fraser Valley to help you get ahead in the market, feel free to reach out. I am here to help.

I had an interesting open house experience recently.

Throughout the afternoon, several couples came through, took their time in every room, asked great questions, and told me this was the one. One of the best comments I heard all day was "We have been looking for months and this is the first house that ticks all the boxes."

Every single time I heard that, I felt good for about two seconds -- and then came the part that made my heart sink a little.

"We haven't listed our place yet. We are just looking."

I understand the impulse. Nobody wants to sell their home without knowing where they are going. That feels like a leap of faith that most people are not comfortable taking. But here is the reality -- waiting to list while you casually shop for your next home is one of the most common and most costly mistakes I see buyers make in this market.

Let's break this down.

Homes that are priced right and show well do not sit on the market waiting for the right buyer to get organized. In South Surrey and White Rock right now, a well-priced, well-presented property is attracting serious attention quickly. The buyers who win are the ones who are ready to move. That means they are pre-approved, they have an active buyer's agent working for them, and if they have a home to sell, that home is already listed.

When you make an offer that is subject to the sale of your existing property, you are asking the seller to take a significant risk. They are essentially taking their home off the market for you while you go through the entire process of listing, marketing, finding a buyer, and removing conditions on your own sale. Most sellers with a desirable property are not going to accept that -- and they should not have to. They have better options.

Here's what that means for you. If you are in a situation where you need to sell before you buy, the strategy is not to wait and browse. The strategy is to get listed first, build your own buyer's confidence, and then make a move on the property you actually want -- from a position of strength rather than a position of "we're not quite ready."

The challenge with that is it requires a plan and a bit of courage. You have to trust the process. You have to believe that if you price your home correctly and present it well, it will sell. And in most cases in this market, that belief is well-founded.

There are also options in between. Some buyers use bridge financing to purchase before their home closes. Others work with their agent and their mortgage broker early to understand exactly what their timeline looks like and structure their offer accordingly. These conversations need to happen before you fall in love with a property -- not the morning you want to write an offer.

Here's the reality -- the people who find the homes they love and actually get to live in them are not the ones who have been casually browsing for months. They are the ones who got serious, made a plan, and were ready when the right property came along.

The next home you tour that checks every box is not going to wait for you to get organized. And the one after that probably won't either.

If this is something you are thinking about, I am happy to walk you through what a sell-buy plan looks like in this market -- from listing to possession, with the right timing so you don't end up stuck or scrambling.

If you are looking for a local real estate expert in South Surrey, White Rock, or the Fraser Valley to help you get ahead in the market, feel free to reach out. I am here to help.