“More Buyers. Fewer Listings. What June Means for the Fraser Valley”
Overall Market Insights
June 2025 revealed a meaningful shift in the Eastern Fraser Valley housing market—not marked by sharp turns, but by steady pressure building over the past few months. After a surge in listings through early spring, new listing activity has begun to ease. In fact, total new listings and total inventory declined slightly from May in all four major regions, hinting that the peak in available supply may have already passed.
At the same time, buyer activity showed signs of returning. Unit sales rose in Chilliwack, Langley, and Mission, and while Abbotsford recorded a modest dip from May, all of the regions still posted one of its strongest (if not the strongest) unit sales months since July 2024. This rising momentum, paired with slight reductions in inventory, suggests the balance between supply and demand may be stabilizing.
Still, the bigger picture remains one of elevated inventory and cautious buyers. Across all regions, total active listings remain well above their 5- and 10-year averages—ranging from roughly 35% to nearly 80% higher—while June sales in every market sit below their historical norms. Whether the recent pickup in demand marks a lasting recovery or just a seasonal bump remains to be seen.
For now, the market appears to be transitioning. Buyers still have options and leverage, especially in Mission, but sellers may feel a little more hopeful than they did just a few months ago. The second half of 2025 is shaping up to be a pivotal moment—one where real estate outcomes will depend heavily on who shows up first: the buyers or the listings
ABBOTSFORD
Market Summary:
In Abbotsford, the story this spring was one of momentum met with hesitation. After a strong surge in May, where both prices and sales climbed sharply, June brought a subtle retreat. Prices dipped slightly, and sales pulled back—but not alarmingly so. In fact, even with the slowdown, Abbotsford posted one of its most active sales months since July 2024. Inventory remained steady, showing that sellers are still engaged and willing, though perhaps growing cautious.
What we’re seeing in Abbotsford isn’t a market in decline, but one finding its balance. Buyers are stepping forward—especially when value aligns with quality—and while price growth cooled this month, it's part of a broader rhythm that suggests measured confidence rather than volatility. With 7.68 months of inventory, Abbotsford currently holds a balanced market, though one that could pivot either way in the coming months depending on interest rate trends and summer demand.
Key Statistics:
- Median Price: $735,000 (-4.42% vs last month, 1.11% vs last year)
- 5-Year Avg Annual Price Change: 5.79%
- 10-Year Avg Annual Price Change: 9.37%
- Inventory: 1298 listings
- Sales: 169 homes sold
CHILLIWACK
Market Summary:
In Chilliwack and Area, June felt like the market taking a deep breath after an uncertain spring. Prices, which had dipped in May, made a modest comeback—enough to suggest that confidence hasn’t disappeared, just paused. Sales activity, too, rebounded with energy. After a slower May, buyers returned in June with a 40% increase in unit sales, marking a clear shift in momentum.
Yet, inventory remains elevated, echoing a familiar theme across the Valley: more homes to choose from than usual. That said, the slight decrease in total listings from May hints that the supply swell might be tapering off. At 5.61 months of inventory, the region sits in balanced territory, but there’s an undertone of cautious optimism. The right homes, priced and presented well, are moving—and moving quickly.
Key Statistics:
- Median Price: $738,950 (+1.92% vs last month, +0.54% vs last year)
- 5-Year Avg Annual Price Change: +7.12%
- 10-Year Avg Annual Price Change: +13.24%
- Inventory: 1,426 listings
- Sales: 254 homes sold
LANGLEY
Market Summary:
Langley’s market continues to set the tone for quiet resilience. After prices slipped in May, June delivered a strong rebound—median values climbed more than 7%, while sales continued their steady climb for a second month in a row. Unlike some neighbouring regions, where activity seesawed this spring, Langley’s trajectory has been smoother, with both buyers and sellers appearing more engaged.
Inventory, though still well above long-term averages, inched downward from May. It’s a subtle signal, but it reinforces the idea that Langley may be stabilizing ahead of the broader market. With 5.89 months of inventory, conditions are technically balanced—but leaning toward seller-friendly in some segments, particularly for detached homes in move-in condition. There’s a sense here that the market knows what it wants, and buyers are willing to act when they find it.
Key Statistics:
• Median Price: $870,000 (+7.27% vs last month, +0.58% vs last year)
• 5-Year Avg Annual Price Change: +6.26%
• 10-Year Avg Annual Price Change: +6.13%
• Inventory: 1,761 listings
• Sales: 299 homes sold
MISSION
Market Summary:
Mission continues to carve out a distinct narrative in the region—one shaped by affordability, but also by volatility. In May, the area saw a surge in pricing, only to have it corrected just as sharply in June. While the month-over-month price drop may look dramatic on paper, it’s better viewed as the market finding its footing after a brief spike.
Despite the pricing correction, sales held steady in June, following a big jump the month prior. That consistency is encouraging, especially in a region where demand often comes in waves. Inventory remains high, though it also dipped slightly from May, offering a sliver of relief. With 10.7 months of inventory, Mission is firmly in buyer’s market territory—but there’s a pulse beneath the surface. Value-seekers are paying attention, and sellers who adjust their expectations are finding results.
Key Statistics:
• Median Price: $840,000 (−12.04% vs last month, −1.18% vs last year)
• 5-Year Avg Annual Price Change: +6.05%
• 10-Year Avg Annual Price Change: +10.49%
• Inventory: 674 listings
• Sales: 63 homes sold
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