Fraser Valley Real Estate Board Market Report - May 2026: Prices Decline Amid Increased Inventory

Fraser Valley Real Estate Board — May 2026

In May 2026, the Fraser Valley real estate market shows signs of a cooling trend, with a composite benchmark price of $893,300, down 7.3% year-over-year. Total sales reached 1,124, reflecting a slight decrease of 5.0% compared to the same month last year.

Market Analysis

The Fraser Valley real estate market continues to favor buyers, as evidenced by a months of inventory (MOI) of 9.0, indicating a significant increase in available homes. New listings surged to 3,300, contributing to a total of 10,140 active listings, which is a notable rise from 9,816 in April 2026. The sales-to-new-listings ratio (SNLR) stands at 34.1%, suggesting that while demand remains, it is not sufficient to absorb the growing supply, leading to downward pressure on prices.

Year-over-year, the average price has also decreased to $965,551, reflecting the ongoing adjustments in the market. The decline in both sales and prices indicates a shift in buyer sentiment, as potential homeowners navigate higher interest rates and economic uncertainty. This trend is likely to continue unless there is a significant change in market conditions or buyer confidence.

Property Type Analysis

When examining the property types, the detached market shows a benchmark price of $1,366,500, while attached/townhouses and apartments are priced at $769,500 and $483,800, respectively. Although specific sales data for these categories is not available this month, the overall decline in benchmark prices suggests that all property types are experiencing similar market pressures, with buyers likely gravitating towards more affordable options like apartments and townhouses as they seek value in a competitive landscape.

Regional Highlights

Regionally, the Fraser Valley continues to see varied trends, with some areas experiencing more pronounced price declines than others. The influx of new listings indicates that homeowners are responding to market conditions by adjusting their pricing strategies, which may lead to a more balanced market in the coming months. However, the overall sentiment remains cautious as buyers weigh their options in a landscape characterized by increased inventory and fluctuating prices.

For Buyers

For prospective buyers, this is an opportune time to enter the market, given the increased inventory and the current buyer-favorable conditions. With more options available and prices showing signs of stabilization, buyers are encouraged to 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 increased competition from new listings. Pricing homes competitively and being flexible with negotiations can help attract buyers in a market that is leaning towards buyer preference. It is advisable for sellers to consult with real estate professionals to develop effective marketing strategies that highlight the unique features of their properties.