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Fraser Valley Real Estate Market Update | Less Rush, More Choice: What June’s Market Means for You

As we head deeper into summer, the Fraser Valley real estate market continues to reflect a quieter tone—shaped largely by ongoing economic uncertainty. While activity has slowed, opportunities are quietly emerging for those prepared to take advantage of softer conditions.

Sales Remain Flat, But Inventory Grows

June saw a total of 1,195 home sales across the Fraser Valley, marking a modest 1% increase compared to May. While this month-over-month change was slight, it signals a relatively stable pace of sales as we move through the summer market. However, when compared to the same time last year, sales were down by 9%, continuing a trend of softer activity. More notably, sales remain 33% below the 10-year average, highlighting the ongoing caution among both buyers and sellers amid higher borrowing costs and broader economic uncertainty.

One of the more significant developments in June was the continued growth in housing inventory. Active listings climbed to nearly 11,000, up 2% from May and a substantial 30% increase year-over-year.

This rise in supply suggests that more homeowners are opting to list their properties, potentially in response to improved weather conditions or a desire to capture demand ahead of any future rate adjustments.

Interestingly, despite the increase in total inventory, the number of new listings coming to market actually declined, down 10% compared to May. This shift has helped bolster existing inventory levels, giving buyers more options and negotiating power. The result is a sales-to-active listings ratio of 11%, reinforcing that the Fraser Valley continues to sit firmly in buyer’s market territory—a condition typically defined by ratios below 12%.

Looking ahead, market dynamics may continue to shift depending on interest rate changes and buyer confidence. For now, increased inventory and moderated demand are creating a more balanced playing field, especially for those looking to enter the market or upsize with less competition.

More Choices, Less Pressure

For buyers who are financially ready and able to navigate today’s uncertainty, this market offers more options and less competition. With prices softening and homes staying on the market longer, it could be the right time to act—especially for first-time buyers or those looking for more space.

Homes Taking Longer to Move

In June, the average time to sell varied by property type:

  • Condos: 39 days

  • Detached Homes: 35 days

  • Townhomes: 30 days

This extra time reflects a more cautious buyer pool—but also creates opportunities for thoughtful negotiation.

Pricing Trends Continue to Dip

Home prices across the Fraser Valley edged down again in June, continuing the softening trend we’ve seen over recent months.

Slower sales activity, growing inventory, and cautious buyer sentiment are all contributing to downward pressure on prices across all property types. Year-over-year and month-over-month declines suggest a more balanced market, with buyers regaining negotiating power and sellers needing to price strategically to stay competitive.

Here’s how benchmark prices shifted in June:

  • Detached Homes: $1,458,600 (↓1.6% from May, ↓4.6% from June 2024)

  • Townhomes: $824,400 (↓1.0% from May, ↓3.1% from June 2024)

  • Apartments: $526,500 (↓1.2% from May, ↓4.5% from June 2024)

If this trend continues, we may see greater affordability opportunities for buyers in the months ahead—especially as more inventory enters the market and competition remains low.

Where Do You Fit Into This Market?

If you're wondering whether now is the right time to buy, sell, or hold—you're not alone. Every market offers its own set of opportunities, and what makes sense for one person may not be right for another.

📍 Whether you’re considering your first home purchase, thinking of upsizing, or planning a long-term move, having the right information and guidance makes all the difference.

We’d be happy to help you explore what today’s market means for you. Let’s start the conversation—on your terms, and with your goals in mind.

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Fraser Valley Real Estate Market Update: Exploring the Current State of the Market

After a quiet start to the spring season, the Fraser Valley housing market showed a modest but notable recovery in May. While sales activity remains well below historical norms, the month brought a hint of renewed momentum — a welcome sign for both buyers and sellers keeping a close eye on market conditions.

According to data from the Fraser Valley Real Estate Board (FVREB), home sales on the Multiple Listing Service® (MLS®) reached 1,183 in May — a 13% increase from April. However, that figure still sits 22% below May 2024 levels and 36% under the 10-year seasonal average. This indicates that while activity is picking up, we're still operating in a slower-than-usual market.

Inventory Levels Continue to Climb

One key trend that continues to shape the landscape is inventory. Active listings rose by 6% month-over-month in May, reaching 10,626 — a 34% increase compared to last year and 54% above the 10-year average for this time of year. Additionally, new listings climbed by 7%, with over 4,000 properties hitting the market last month.

With more homes available, buyers now have more options than they’ve had in years.

But the flip side is that sellers are facing more competition. Homes that are well-priced and aligned with current market conditions are moving — others are sitting, especially if sellers are holding out for stronger pricing.

The sales-to-active listings ratio currently sits at 11%, keeping the Fraser Valley firmly in buyer’s market territory. For context, a balanced market typically has a ratio between 12% and 20%.

What’s Influencing Buyer Behaviour?

Despite the slight uptick in sales, many potential buyers are still taking a cautious approach. Economic uncertainty, concerns around inflation, job security, and the rising cost of living are continuing to impact buyer confidence. Until those pressures ease, market activity may remain subdued.

Benchmark Prices Edge Downward

Home prices across all property types saw a small dip in May. The composite Benchmark price in the Fraser Valley now sits at $963,200, down 1% from April.

Here’s how prices shifted across different housing types:

  • Single-Family Detached Homes: Now benchmarked at $1,481,900, prices fell 1.6% month-over-month and 3.2% year-over-year.

  • Townhomes: Averaging $832,800, prices remained relatively flat, slipping just 0.03% from April, but down 2.5% from last year.

  • Condos/Apartments: Currently at $532,700, prices declined by 0.9% from April and 4.0% compared to May 2024.

Homes Are Still Selling — But It’s Taking Time

For those wondering about how long it’s taking to sell, the average time on market in May was:

  • 34 days for detached homes

  • 33 days for condos

  • 27 days for townhomes

These numbers suggest that while buyers are out there, many are still hesitant to jump in quickly.

What Does This Mean for You?

For Buyers:

With inventory levels high and prices showing slight declines, this could be a strategic time to enter the market — especially if you're looking for options and negotiating power. While some buyers are still holding back, those who are prepared and pre-approved may find great opportunities before competition intensifies again.

For Sellers:

Today’s market is more competitive, and pricing your home accurately is key. The good news? Homes that are well-prepared and priced right are still selling. If you’re not in a rush, you may choose to wait — but if you're ready to list, working with an experienced team can make all the difference.

Every Home. Every Client. Every Goal Is Unique.

At Elevation Real Estate, we don’t believe in a one-size-fits-all approach. Whether you're buying your first home or preparing to sell an investment property, we’ll help you navigate today’s market with clarity and confidence.

Ready to make a move?

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Reach out to our team for a personalized market assessment and guidance tailored to your specific goals.

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Fraser Valley Real Estate Market Update: High Inventory, Flat Prices — What It Means for You

What Buyers Are Experiencing

This is one of the most buyer-friendly markets we've seen in years. Inventory is high, competition is low, and prices are holding relatively steady. In many cases, buyers can take their time — viewing multiple similar properties without pressure to make an offer on the spot. It's a sharp contrast to the high-paced bidding wars of past years.

Homes are taking an average of 32 days to sell for detached properties, and 29 days for townhomes and condos, suggesting buyers are deliberate in their decision-making.

For those in the market, this is an ideal time to negotiate — especially with the sales-to-active listings ratio sitting at just 10%, a clear indicator of a buyer’s market.

Why Aren’t More Homes Selling?

Despite favorable conditions for buyers, overall sales numbers remain underwhelming. April saw just 1,043 sales, virtually unchanged from March and down 29% from the same time last year.

Several factors appear to be holding buyers back: continued economic uncertainty, interest rate anxiety, and broader caution in the face of mixed signals about where the market — and the economy — are headed.

While there's cautious optimism with new federal leadership potentially introducing pro-growth measures, many prospective buyers are still waiting to see concrete changes before committing.

What This Means for Sellers

For sellers, the message is clear: pricing and presentation matter more than ever. With inventory up and demand relatively flat, standing out in the market is essential. Small price reductions or strategic staging may be necessary to attract serious offers.

Benchmark prices have remained relatively flat month-to-month:

  • Detached homes: $1,506,600 (+0.1% from March, -1.3% YoY)

  • Townhomes: $833,100 (-0.1% from March, -2.4% YoY)

  • Apartments: $537,800 (-0.6% from March, -3.2% YoY)

Bottom Line

Whether you're buying or selling, the Fraser Valley market offers unique opportunities — but also calls for strategy. Buyers have more power than they’ve had in years, and sellers need to be realistic, proactive, and informed.

{See Home Price Trends in Your Area and Connect with us to explore MLS® HPI data : https://rem.ax/4k4iEDd )

The market may not be moving fast, but that doesn’t mean you can’t. In fact, now might be the perfect time to plan your next move.

Thinking about making a move?

Whether you're curious about your buying power or wondering how to position your home in today’s market, Elevation Real Estate Group is here to guide you every step of the way.

Get a free home evaluation or schedule a personalized buyer’s strategy session with our team today.

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Navigating a Shifting Fraser Valley Housing Market: What Homeowners and Buyers Need to Know

The Fraser Valley's spring housing market is experiencing a notable slowdown, presenting both challenges and opportunities for homeowners, buyers, and sellers. March sales figures were nearly 50% below the 10-year average, indicating a significant shift from typical spring activity.

Key Market Insights:

The Fraser Valley real estate market is seeing significant changes. Sales, while showing a slight monthly uptick, remain considerably lower than last year. Simultaneously, new listings have surged, creating a decade-high inventory. This dynamic brings:

  • Increased Choices for Buyers: More listings mean a wider selection of homes.

  • Heightened Competition for Sellers: Sellers face more competition in attracting buyers.

Economic uncertainty is creating a gap between buyer and seller expectations, impacting pricing dynamics. Currently, the market favors buyers, as indicated by the sales-to-active listings ratio of 11%.

On average, single-family detached homes are taking around 31 days to sell, while condos are typically on the market for about 33 days. Townhomes are selling slightly faster, with an average of 27 days on the market. These figures reflect a slower pace of activity compared to previous years, as the region experiences increased inventory and heightened competition among sellers.

Benchmark prices have seen a slight monthly increase, but a year-over-year decline. Specifically, single-family detached homes are at $1,505,500 (up 0.4% from February, down 1.2% from March 2024), townhomes at $833,700 (up 0.5% from February, down 1.7% from March 2024), and apartments/condos at $540,900 (up 0.5% from February, down 2.6% from March 2024).

Navigating the Current Market:

In this shifting market, sellers should prioritize realistic pricing and ensure their homes are well-presented for showings, seeking professional guidance to navigate the increased competition. Buyers, on the other hand, can capitalize on the increased inventory and should secure mortgage pre-approval, exercising patience in what is currently a slower market.

Personalized Guidance is Key:

Every real estate situation is unique. To navigate this changing market successfully, it’s essential to discuss your specific needs and goals with a knowledgeable real estate professional. They can provide tailored advice and strategies to help you achieve the best possible outcome.

Ready to Make Your Next Move?

Whether you're buying, selling, or simply exploring your options, the team at Elevation Real Estate Group is here to help. Contact us today for expert guidance and personalized service in the Fraser Valley's dynamic housing market.

Call today!


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