Fraser Valley Real Estate Board Reports August 2026 Market Trends: Buyer’s Market Deepens

Fraser Valley Real Estate Board — August 2026

The Fraser Valley Real Estate Board reports 941 sales in August 2026, reflecting a 14% decrease from July and a 1% increase year-over-year. New listings also fell by 16% from the previous month, contributing to a total of 9,787 active listings in the region.

Market Analysis

The Fraser Valley housing market continues to exhibit characteristics of a deepening buyer's market, with a sales-to-active listings ratio of 10.4%. This indicates that buyers have more negotiating power, as evidenced by the gradual decline in home prices. The total sales in August are down 14% from July, while the year-over-year sales change shows a modest increase of 1%, marking only the second annual gain since early 2025. Despite the overall subdued demand, the market dynamics are shifting, allowing buyers to explore more options.

Property Type Analysis

Currently, the Fraser Valley does not report specific benchmark prices or sales figures for detached homes, townhouses, or apartments. However, the general trend indicates that all property types are experiencing price declines. The average time to sell a single-family detached home and a condo is 45 days, while townhomes average 37 days on the market, suggesting a slower pace across all categories.

Regional Highlights

In August, the Fraser Valley saw 2,373 new listings, a 16% decrease from July and 15% lower than the same month last year. Active listings decreased by 3% from the previous month, yet remain 33% above the 10-year seasonal average, indicating a surplus of inventory relative to demand. This trend reinforces the buyer's market conditions, as sellers are more inclined to accept lower offers.

For Buyers

For prospective buyers, this is an opportune time to enter the market, as prices are approximately 15% lower than they were three years ago. Buyers should take advantage of the current market conditions to negotiate favorable terms and explore various properties without the pressure of a competitive bidding environment.

For Sellers

Sellers are advised to be realistic about pricing in the current market climate. With a significant number of active listings and a buyer's market prevailing, setting a competitive price is crucial to attract potential buyers. Sellers should also consider being flexible with negotiations to facilitate a quicker sale.