The Fraser Valley housing market remains firmly in buyers' territory this summer, with prices continuing to ease and inventory sitting well above historical norms. Here's a look at the latest numbers from the Fraser Valley Real Estate Board (FVREB) and what they mean if you're thinking about buying or selling in Abbotsford, Mission, or anywhere else in the Fraser Valley.

Benchmark Prices Continue to Soften

As of June 2026, benchmark prices across the Fraser Valley sit roughly 26% below their 2022 peak. Single family detached homes carry a benchmark price of $1,350,200, down 1.2% from May and 7.7% year-over-year. Townhomes sit at $764,100, down 0.7% month-over-month and 7.3% year-over-year. Apartments and condos are at $476,400, down 1.5% from May and 9.1% compared to last June.

A Buyer's Market, By the Numbers

The FVREB recorded 1,147 sales in June 2026, up two per cent from May but four per cent below June 2025. New listings totalled 3,303, roughly flat month-over-month but nine per cent below last year's pace. With a sales-to-active-listings ratio of about 10 to 11 per cent, well under the 12 per cent mark that typically signals a balanced market, and active listings running 45 to 50 per cent above the 10-year seasonal average, buyers have more room to negotiate than they've had in years.

What This Means If You're Buying

More listings to choose from, more time to make decisions, and more leverage on price and conditions. If financing works for you, this is a market where patience and a clear-eyed look at comparable sales pays off.

What This Means If You're Selling

Pricing accurately from day one matters more than ever. With inventory this high, overpriced listings tend to sit, and later price reductions attract less attention than a strong debut at the right number. Professional photos, clean staging, and marketing that reaches serious buyers make the difference in a market like this.

Looking Ahead

Most forecasts point to prices stabilizing rather than swinging sharply in either direction through the rest of 2026, with any further softening expected to be modest.

Thinking about buying or selling in the Fraser Valley? I'd be happy to walk you through what these numbers mean for your specific neighbourhood and situation, reach out anytime.

Source: Fraser Valley Real Estate Board, June 2026 statistics.