Fraser Valley Market update June 2, 2022 In May, Fraser Valley homes sales cool, inventory has increased resulting in a softening of home prices, bringing a balance to the market that has not been seen since prior to the pandemic. Sales of all property types were down 16.9% from April and down 53.9% from May last year. MLS® HPI Benchmark Price Activity. Single Family Detached: At $1,712,500, the Benchmark price for an FVREB single-family detached home decreased 2.4 per cent compared to April 2022 and increased 26.2 per cent compared to May 2021. Townhomes: At $918,900, the Benchmark price for an FVREB townhome decreased 1.4 per cent compared to April 2022 and increased 31.3 per cent compared to May 2021. Apartments: At $581,400 the Benchmark price for an FVREB apartment/condo decreased 1.1 per cent compared to April 2022 and increased 30.0 per cent compared to May 2021. There are opportunities in every market and especially a changing market. Its an excellent time to consider upsizing. I'm connected to up-to-date information and understand the trends, contact me when someone you know is looking for a realtor!