Fraser Valley Real Estate Board Reports August 2026 Market Trends

Fraser Valley Real Estate Board — August 2026

In August 2026, the Fraser Valley real estate market shows a composite benchmark price of $713,300, reflecting a 7.2% decrease year-over-year. Total sales reached 135, with 256 new listings contributing to a total of 1,002 active listings.

Market Analysis

The Fraser Valley real estate market continues to exhibit conditions favorable to buyers, with a months of inventory (MOI) of 7.4, indicating a balanced market. The sales-to-new-listings ratio (SNLR) stands at 52.7%, suggesting that while demand exists, it is not robust enough to drive prices upward. The decline in the composite benchmark price from $724,700 in July to $713,300 in August further underscores the current buyer's market dynamics.

Property Type Analysis

In August, the benchmark prices for property types are as follows: detached homes at $1,117,700, attached/townhouses at $596,600, and apartments at $374,600. While specific sales data for each category is not available, the overall market trend indicates that buyers are likely focusing on more affordable options, such as apartments and attached homes, as they navigate the current economic landscape.

Regional Highlights

The Fraser Valley region continues to experience an influx of new listings, with 256 properties added in August. This increase in supply, coupled with a modest sales volume, points to a cooling market compared to the previous year, which may encourage potential buyers to explore available options more thoroughly.

For Buyers

Buyers are encouraged to take advantage of the current market conditions, characterized by a higher inventory of homes and a slower pace of sales. With a variety of options available, prospective buyers should conduct thorough research and consider their long-term needs when making purchasing decisions.

For Sellers

Sellers should be mindful of the current market dynamics and the recent decline in benchmark prices. To attract buyers, it is advisable to price homes competitively and ensure that properties are presented in the best possible condition, as the market is currently favoring buyers.