Fraser Valley Real Estate Board
Market Data & Trends
Overview
Fraser Valley Real Estate Board published a board-wide composite benchmark price of $869,900 in August 2026, down 7.0% year over year and down 0.9% on the month.
Across the 4 months with a published benchmark — April 2026 to August 2026 — the board-wide benchmark fell 3.3%, from $899,200 to $869,900.
The high over that window was $899,200 in April 2026; the benchmark now sits 3.3% below it.
Board-wide published benchmarks were $1,359,100 for detached homes in May 2026, $769,500 for townhouses in May 2026 and $483,800 for apartments in May 2026.
The segments have not moved together: townhouses lost 0.3%, detached homes lost 0.6% and apartments lost 1.5% over the window — a spread of 1.2 percentage points between townhouses and apartments.
Fraser Valley Real Estate Board reported 922 sales board-wide in September 2026, down 4.0% from a year earlier.
Months of supply board-wide stood at 10.6 in September 2026.
These are board-wide figures published by Fraser Valley Real Estate Board. The comparisons above — the change over the window, the distance from the high and the spread between property types — are arithmetic compiled by this publication from 5 monthly releases, April 2026 through September 2026.
Months of supply is active listings divided by that month's sales; where a release does not print it, this publication calculated it from the release's own counts.
Board Report
Key Takeaways
September 2026- Subdued demand continues to weigh on prices, with the composite Benchmark price for a typical Fraser Valley home falling one per cent in September and seven per cent from one year ago.
- Overall inventory remained unchanged in September, with 9,763 active listings on the market, a 0.2 per cent decline from August, but still 31 per cent above the 10-year seasonal average.
- A balanced market is typically defined by a ratio between 12 and 20 per cent.
Source: Fraser Valley Real Estate Board
Fraser Valley Real Estate Board Narrative
Fraser Valley home buyers remained cautious despite continued weakening prices, as September sales failed to keep pace with the seasonal rise in new listings.
The Fraser Valley Real Estate Board recorded 922 sales on its Multiple Listing Service® (MLS®) in September, a two per cent decrease from August and four per cent below sales from the same month last year. Subdued demand continues to weigh on prices, with the composite Benchmark price for a typical Fraser Valley home falling one per cent in September and seven per cent from one year ago.
“Prices continue to soften, with some areas of the Fraser Valley seeing more significant declines,” said Ishaq Ismail, Chair of the Fraser Valley Real Estate Board. “The Benchmark price for a single-family home is now $460,000 below its March 2022 peak. For buyers who are in a position to act, this represents a significant shift in affordability and may create an opportunity for some households to move into a different segment of the market.”
After a quieter summer, more sellers returned to the market in September, bringing 2,818 new listings, up 19 per cent from August, but 18 per cent below the same month last year. Overall inventory remained unchanged in September, with 9,763 active listings on the market, a 0.2 per cent decline from August, but still 31 per cent above the 10-year seasonal average.
The Fraser Valley has spent most of the last two years in a buyer’s market with no change in September. A balanced market is typically defined by a ratio between 12 and 20 per cent.
“Buyers have been waiting for months for greater economic certainty,” said Anthony Boone, Interim CEO of the Fraser Valley Real Estate Board. “But a succession of economic shocks have conspired to weigh on consumer confidence, keeping many buyers on the sidelines. Despite lower prices and more choice, buyers remain cautious, and that is being reflected in the pace of sales.”
Across the Fraser Valley in September, the average number of days to sell a condo was 46 days, while a single-family detached home was 45 days. Townhomes took, on average, 38 days to sell.
MLS® HPI Benchmark Price Activity
Single Family Detached: At $1,300,000 the Benchmark price for an FVREB single-family detached home decreased 1.5 per cent compared to August 2026 and decreased 8.8 per cent compared to September 2025.
Townhomes: At $745,300 the Benchmark price for an FVREB townhome decreased 0.7 per cent compared to August 2026 and decreased 6.2 per cent compared to September 2025.
Apartments: At $461,800 the Benchmark price for an FVREB apartment/condo decreased 0.9 per cent compared to August 2026 and decreased 9.3 per cent compared to September 2025.
The Fraser Valley Real Estate Board represents some 5,000 real estate professionals, and is the exclusive source of statistics and information for the Fraser Valley real estate market including, Surrey, Langley, Abbotsford, Mission, White Rock and North Delta
Market Balance
Months of supply is active listings divided by that month's sales; where a release does not print it, this publication calculated it from the release's own counts.
Source: Fraser Valley Real Estate Board via CREA MLS
Period: September 2026
Market statistics are provided for informational purposes only and may not reflect all real estate activity in the market. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA). Past performance does not guarantee future results. Consult a licensed real estate professional for specific advice.