Buyer’s market conditions persist in the Fraser Valley amid high inventory levels and softening prices in June, however activity remained relatively flat.
Sales held steady month-over-month, up one per cent to 1,195, but down nine per cent from the same month last year. June sales were 33 per cent below the 10-year average.
As sales remain stagnant, inventory continues to build, with active listings reaching 10,842*, levels not seen since July 2010. June active listings increased two per cent over May, 30 per cent year-over-year and remain well above the 10-year seasonal average. New listings declined 10 per cent over May, but remain six per cent higher than June 2024 levels.
The Fraser Valley has been in a buyer’s market for all of 2025. The overall sales-to-active listings ratio for June remains at 11 per cent.
Sales-to-Active Ratio
Detached: 11% (no change from May)
Townhouses: 17% (no change from May)
Apartments: 13% (no change from May)
Benchmark Prices
The composite Benchmark price in the Fraser Valley dropped 1.2 per cent in June, to $951,500.
Change in price: month-to-month
Detached: $1,458,600 -1.6%
Townhouse: $824,400 -1.0%
Apartments: $526,500 -1.2%
Days on Market
Across the Fraser Valley in June, the average number of days to sell a condo was 39 days, while for a single-family detached home it was 35 days. Townhomes took, on average, 30 days
To learn more about HPI Benchmark prices by sub-area, click here. For a more detailed look at the Fraser Valley market click here to view the Monthly Statistics Package.