Fraser Valley Real Estate Board Reports May 2026 Composite Benchmark Price at $893,300, Sales Total 1,124

Fraser Valley Real Estate Board — May 2026

The Fraser Valley Real Estate Board recorded 1,124 sales on its Multiple Listing Service® (MLS®) in May 2026, marking a -5.0% change in sales year-over-year. The Composite Benchmark Price for the region was $893,300, reflecting a -7.3% change in price compared to May 2025.

Market Analysis

The Fraser Valley Real Estate Board reported a Composite Benchmark Price of $893,300 in May 2026. Total sales reached 1,124, while active listings stood at 10,140. Sales in May 2026 saw a -5.0% year-over-year change, and the Composite Benchmark Price experienced a -7.3% year-over-year change.

Compared to April 2026, the Composite Benchmark Price of $893,300 in May 2026 was lower than April's $899,200. Total sales of 1,124 in May 2026 were slightly higher than April's 1,118 sales. Active listings in May 2026 were 10,140, an increase from April 2026's 9,816 active listings. The Fraser Valley Real Estate Board noted that the sales-to-active listings ratio was 11 per cent in May, with a balanced market typically defined by a ratio between 12 and 20 per cent. According to Ishaq Ismail, Chair of the Fraser Valley Real Estate Board, "We’re seeing limited activity from first-time buyers right now, with much of the market being driven by homeowners looking to move up." Baldev Gill, CEO of the Fraser Valley Real Estate Board, stated, "At the same time, buyers who are financially prepared are finding some of the most favourable market conditions we’ve seen in some time."

Property Type Analysis

In May 2026, the Benchmark Price for a Detached home was $1,359,100. The Benchmark Price for Attached/Townhouse properties was $769,500, and for Apartments, it was $483,800. According to the Fraser Valley Real Estate Board, the Benchmark price for a single-family detached home decreased 0.6 per cent compared to April 2026 and decreased 7.9 per cent compared to May 2025. The Benchmark price for a townhome decreased 0.3 per cent compared to April 2026 and decreased 7.6 per cent compared to May 2025. The Benchmark price for an apartment/condo decreased 1.5 per cent compared to April 2026 and decreased 8.8 per cent compared to May 2025.