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 on record — 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 941 sales board-wide in August 2026, up 1.0% from a year earlier.
Months of supply board-wide stood at 10.4 in August 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 4 monthly releases, April 2026 through August 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
August 2026- The composite Benchmark price for a typical Fraser Valley home declined 0.9 per cent in August to $869,900, a seven per cent decrease compared to August 2025.
- The Fraser Valley Real Estate Board recorded 941 sales on its Multiple Listing Service® (MLS®) in August, a 14 per cent decrease from July but one per cent above sales from the same month last year.
- The Fraser Valley saw 2,373 new listings in August—a 16 per cent decline from July and 15 per cent below the same month last year.
- “Prices are now as much as 15 per cent lower than they were three years ago, and these conditions are expected to continue to favour buyers for the foreseeable future.” Across the Fraser Valley in August, the average number of days to sell both a single-family detached home and a condo was 45 days.
- 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
A deepening buyer’s market in the Fraser Valley is giving buyers more time to make their move, as sales continued to slow in August. The Fraser Valley Real Estate Board recorded 941 sales on its Multiple Listing Service® (MLS®) in August, a 14 per cent decrease from July but one per cent above sales from the same month last year. The year-overyear increase marks only the second annual gain since the beginning of 2025, a modest bright spot in a market where overall demand remains subdued and prices continue to ease.
“We’re seeing a bit of a tug-of-war between buyers and sellers right now,” said Ishaq Ismail, Chair of the Fraser Valley Real Estate Board. “Some buyers are seeing an opportunity to negotiate below asking price, while sellers who need to sell are more likely to accept lower offers. That dynamic is contributing to the gradual decline in home prices we are seeing across the Fraser Valley, which ultimately creates more opportunities for those looking to get into the market.”
The summer slowdown was also reflected in fewer homes coming to market, as some sellers held off on listing. The Fraser Valley saw 2,373 new listings in August—a 16 per cent decline from July and 15 per cent below the same month last year. Overall inventory also edged down in August, with 9,787 active listings on the market, a three per cent decline from July, but still 33 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 10 per cent in August. A balanced market is typically defined by a ratio between 12 and 20 per cent.
“While some buyers remain on the sidelines amid headlines about tariffs and high gas prices, the Fraser Valley housing market continues to offer some compelling choices hiding in plain sight,” said Anthony Boone, Interim CEO of the Fraser Valley Real Estate Board. “Prices are now as much as 15 per cent lower than they were three years ago, and these conditions are expected to continue to favour buyers for the foreseeable future.” Across the Fraser Valley in August, the average number of days to sell both a single-family detached home and a condo was 45 days. Townhomes took, on average, 37 days to sell.
The composite Benchmark price for a typical Fraser Valley home declined 0.9 per cent in August to $869,900, a seven per cent decrease compared to August 2025.
MLS® HPI Benchmark Price Activity
Single Family Detached: At $1,319,600 the Benchmark price for an FVREB single-family detached home decreased 1.2 per cent compared to July 2026 and decreased 8.4 per cent compared to August 2025.
Townhomes: At $750,600 the Benchmark price for an FVREB townhome decreased 0.9 per cent compared to July 2026 and decreased 7.1 per cent compared to August 2025.
Apartments: At $466,100 the Benchmark price for an FVREB apartment/condo decreased 0.7 per cent compared to July 2026 and decreased 8.9 per cent compared to August 2025.
Contact Nikki Hewitt, Senior Communications Specialist Fraser Valley Real Estate Board nikki.hewitt@fvreb.bc.ca Telephone: 604.930.7654
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: August 2026
Market statistics are provided for informational purposes only and may not reflect all real estate activity in the market. Past performance does not guarantee future results. Consult a licensed real estate professional for specific advice.