Thinking of buying or selling real estate in the Fraser Valley? June's numbers from the Fraser Valley Real Estate Board are in — and they tell a clear story: we’re in a buyer’s market.
Despite lower prices and more inventory, many buyers remain cautious due to ongoing economic uncertainty. For those who are ready, this could be a rare window of opportunity.
Let’s break it down:
Fraser Valley at a Glance
Sales: 1,195 homes sold in June, up 1% from May but down 9% compared to June 2024
New Listings: 3,618 (down 10% from May)
Active Listings: Almost 11,000 (up 30% from last year)
Sales-to-Active Listings Ratio: 11% — indicating a buyer’s market
Benchmark Prices (month-over-month changes):
Detached: ↓ 1.6% to $1,458,600
Townhouses: ↓ 1.0% to $824,400
Condos: ↓ 1.2% to $526,500
What This Means for Buyers & Sellers
With more homes on the market and prices gradually softening, buyers have negotiating power. If you're a first-time buyer or upsizing, this could be your chance to find a great deal.
Sellers should price strategically and work with a professional to maximize exposure and stand out in a competitive landscape.
Neighborhood Snapshot – June 2025
Here’s how key areas across the Fraser Valley are performing:
Langley Real Estate
Detached: $1,600,800 ↓ 1.9%
Townhomes: $859,700 ↓ 0.5%
Condos: $599,800 ↓ 0.9%
Langley remains a hot spot with strong inventory growth and moderate price softening. Detached sales rose 25% from May — a sign that motivated buyers are stepping in.
Surrey Real Estate (All Areas Combined)
Detached: $1,573,300 ↓ 2.0%
Townhomes: $852,100 ↓ 1.0%
Condos: $513,800 ↓ 1.2%
Surrey continues to offer a wide variety of housing options with steady activity and price dips across all segments.
Abbotsford Real Estate
Detached: $1,190,600 ↓ 1.0%
Townhomes: $655,300 ↓ 0.8%
Condos: $441,600 ↑ 1.5%
Condo prices in Abbotsford bucked the trend and rose month-over-month, showing signs of renewed demand in the entry-level segment.
Mission Real Estate
Detached: $1,026,700 ↑ 0.7%
Townhomes: $659,600 ↓ 2.4%
Condos: $453,200 ↑ 0.1%
Detached homes in Mission saw a small price increase, with overall inventory still relatively low compared to larger centres.
White Rock / South Surrey
Detached: $1,846,800 ↓ 2.3%
Townhomes: $935,000 ↓ 2.2%
Condos: $589,300 ↓ 2.9%
Luxury markets like White Rock saw more significant price declines. Higher-end buyers may find excellent value here this summer.
North Delta
Detached: $1,323,600 ↓ 0.9%
Townhomes: $921,900 ↓ 5.1%
Condos: $558,000 ↓ 1.3%
Townhomes in North Delta had one of the largest drops this month, opening a possible window for budget-conscious families.
Final Thoughts
With inventory building and prices gradually easing, June 2025 is shaping up to be a buyer-friendly market across the Fraser Valley. Whether you're looking to make a move or just curious about your neighborhood's value, staying informed is key.
Thinking about buying or selling? Contact me today for a personalized market evaluation and expert advice tailored to your goals.
