Fraser Valley Real Estate Board
Real Estate Board — Market Data & Trends
Overview
The composite benchmark price for Fraser Valley Real Estate Board was $1,335,200 in July 2026, down 14.0% year over year.
Across the 7 months on record — December 2025 to July 2026 — the benchmark rose 47.4%, from $905,900 to $1,335,200.
The low was $884,800 in June 2026.
As of July 2026 the benchmark stands at $1,359,100 for detached homes, $769,500 for townhouses and $483,800 for apartments.
Fraser Valley Real Estate Board reported 1,089 sales in July 2026, down 14.0% from a year earlier.
Across the 7 months on record the board reported 6,947 sales here, averaging 992 a month — from a high of 1,147 in June 2026 to a low of 619 in December 2025.
Inventory stands at 9.2 months of supply, which the board's own thresholds classify as a buyers' market.
These are figures published by Fraser Valley Real Estate Board. The period-over-period comparisons above — the change over the window, the high and the low, the spread between property types and the monthly average — are arithmetic compiled by this publication from 7 monthly releases, December 2025 through July 2026.
Board Report
Key Takeaways
July 2026- Fraser Valley home prices continued to edge downward in July, with the composite Benchmark price down 0.8 per cent from June and down seven per cent year-over-year.
- They can take their time evaluating their options, knowing they can return to a market that continues to offer plenty of choice.” Seller activity slowed in July, with 2,836 new listings coming to market—a 14 per cent decline from June and 18 per cent below the same month last year.
- A balanced market is typically defined by a ratio between 12 and 20 per cent.
Source: Fraser Valley Real Estate Board
At 9.2 months of inventory, supply significantly exceeds demand. Buyers can take their time, negotiate aggressively, and choose from a wide selection. Sellers must price very competitively and be patient.
Fraser Valley Real Estate Board Narrative
Fraser Valley home prices continued to edge downward in July, with the composite Benchmark price down 0.8 per cent from June and down seven per cent year-over-year. Despite improving affordability, buyers remained cautious, keeping sales well below typical seasonal levels.
The Fraser Valley Real Estate Board recorded 1,089 sales on its Multiple Listing Service® (MLS®) in July, a five per cent decrease from June and nine per cent below the same month last year.
“Buyer urgency has been notably absent from the Fraser Valley market for some time now,” said Ishaq Ismail, Chair of the Fraser Valley Real Estate Board. “With inventory remaining high and competition subdued, buyers know they don’t have to rush. They can take their time evaluating their options, knowing they can return to a market that continues to offer plenty of choice.”
Seller activity slowed in July, with 2,836 new listings coming to market—a 14 per cent decline from June and 18 per cent below the same month last year. Overall inventory also edged down in July, with 10,044 active listings on the market, a three per cent decline from June, but still 32 per cent above the 10-year seasonal average.
The Fraser Valley remains in a buyer’s market with a sales-to-active listings ratio of 11 per cent in July. A balanced market is typically defined by a ratio between 12 and 20 per cent.
“Economic uncertainty continues to influence buying decisions, but the Fraser Valley has remained one of the Lower Mainland’s brightest spots for improving affordability,” said Anthony Boone, Interim CEO of the Fraser Valley Real Estate Board. “As home prices continue to ease, qualified buyers are finding opportunities that simply weren’t available a few years ago, particularly those looking to enter the market or downsize.”
Across the Fraser Valley in July, the average number of days to sell both a single-family detached home and a townhome was 40 days. Condos took, on average, 46 days to sell.
MLS® HPI Benchmark Price Activity
Single Family Detached: At $1,335,200 the Benchmark price for an FVREB single-family detached home decreased 1.1 per cent compared to June 2026 and decreased 8.3 per cent compared to July 2025.
Townhomes: At $757,300 the Benchmark price for an FVREB townhome decreased 0.9 per cent compared to June 2026 and decreased 7.1 per cent compared to July 2025.
Apartments: At $469,500 the Benchmark price for an FVREB apartment/condo decreased 1.4 per cent compared to June 2026 and decreased 9.1 per cent compared to July 2025.
Contact Nikki Hewitt, Senior Communications Specialist nikki.hewitt@fvreb.bc.ca 604-930-7654
Market Balance
Months of Inventory
Supply and demand are roughly balanced.
With 9.2 months of inventory, buyers have more options and negotiating leverage. Sellers should price competitively and be prepared for longer marketing times.
Source: Fraser Valley Real Estate Board via CREA MLS
Period: July 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.