Gelderman.ca Fraser Valley Real Estate

Wednesday, August 5, 2026

Fraser Valley Housing Market Statistics - July 2026

Improving affordability continues to outpace buyer demand

Fraser Valley home prices continued to edge downward in July, with the composite Benchmark price down 0.8 per cent from June and down seven per cent year-over-year. Despite improving affordability, buyers remained cautious, keeping sales well below typical seasonal levels.

The Fraser Valley Real Estate Board recorded 1,089 sales on its Multiple Listing Service® (MLS®) in July, a five per cent decrease from June and nine per cent below the same month last year.

"Buyer urgency has been notably absent from the Fraser Valley market for some time now," said Ishaq Ismail, Chair of the Fraser Valley Real Estate Board. "With inventory remaining high and competition subdued, buyers know they don't have to rush. They can take their time evaluating their options, knowing they can return to a market that continues to offer plenty of choice."

Seller activity slowed in July, with 2,836 new listings coming to market—a 14 per cent decline from June and 18 per cent below the same month last year. Overall inventory also edged down in July, with 10,044 active listings on the market, a three per cent decline from June, but still 32 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 11 per cent in July. A balanced market is typically defined by a ratio between 12 and 20 per cent.

"Economic uncertainty continues to influence buying decisions, but the Fraser Valley has remained one of the Lower Mainland’s brightest spots for improving affordability," said Anthony Boone, Interim CEO of the Fraser Valley Real Estate Board. "As home prices continue to ease, qualified buyers are finding opportunities that simply weren't available a few years ago, particularly those looking to enter the market or downsize."

Across the Fraser Valley in July, the average number of days to sell both a single-family detached home and a townhome was 40 days. Condos took, on average, 46 days to sell.

The composite Benchmark price for a typical Fraser Valley home in July was $877,600.

MLS® HPI Benchmark Price Activity

Single Family Detached: At $1,335,200 the Benchmark price for an FVREB single-family detached home decreased 1.1 per cent compared to June 2026 and decreased 8.3 per cent compared to July 2025.
Townhomes: At $757,300 the Benchmark price for an FVREB townhome decreased 0.9 per cent compared to June 2026 and decreased 7.1 per cent compared to July 2025.
Apartments: At $469,500 the Benchmark price for an FVREB apartment/condo decreased 1.4 per cent compared to June 2026 and decreased 9.1 per cent compared to July 2025.

For the FULL STATISTICS PACKAGE click

HERE

Know someone moving ANYWHERE in the WORLD?

Call us today--we know the BEST agents everywhere!!

Serving Abbotsford, Chilliwack, Mission, Langley, Surrey and the WORLD!

📞 Office Phone: 604-743-7653

ALL GTeam contact 📲 info can be found on

either of our Team Web Sites below:

🌍www.fvluxuryhomes.com

🌍www.gelderman.ca

Friday, July 3, 2026

Fraser Valley Housing Market Statistics - June 2026

Fraser Valley is becoming more affordable — but buyers are still holding back

Home prices in the Fraser Valley continued to become more affordable in June, with Benchmark prices now sitting 26 per cent below their 2022 peak. Prices edged down another 0.9 per cent during the month, reinforcing buyer-friendly conditions despite a sluggish market.

The Fraser Valley Real Estate Board recorded 1,147 sales on its Multiple Listing Service® (MLS®) in June, a two per cent increase from May, but four per cent below the same month last year. After pulling back in May, seller activity levelled off in June, with 3,303 new listings—virtually unchanged from May—but still nine per cent below last year's pace.

“The Fraser Valley spring market has underperformed expectations despite improving affordability and more choice for buyers,” said Ishaq Ismail, Chair of the Fraser Valley Real Estate Board. “Opportunities are clearly there. The question is whether qualified buyers on the sidelines recognize the value available today. For those looking to enter the market or move up, current conditions present a compelling opportunity.”

The Fraser Valley enters the summer market with 10,377 active listings, maintaining a level of supply that continues to keep competition in check and create favourable conditions for buyers.

With a sales-to-active listings ratio of 11 per cent in June, the Fraser Valley remains in buyer’s market territory. A balanced market is typically defined by a ratio between 12 and 20 per cent.

“Buyers are still holding back despite some improving conditions,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “The recent agreement between Build Canada Homes and BC Housing may help add supply and improve access to ownership, however, with details still unclear it’s difficult to assess the practical impact for buyers.”

Across the Fraser Valley in June, the average number of days to sell a single-family detached home was 37 days, while for a townhome, it was 33 days. Condos took, on average, 38 days to sell.

The composite Benchmark price for a typical Fraser Valley home declined seven per cent year-over-year to $884,800.

MLS® HPI Benchmark Price Activity

Single Family Detached: At $1,350,200 the Benchmark price for an FVREB single-family detached home decreased 1.2 per cent compared to May 2026 and decreased 7.7 per cent compared to June 2025.
Townhomes: At $764,100 the Benchmark price for an FVREB townhome decreased 0.7 per cent compared to May 2026 and decreased 7.3 per cent compared to June 2025.
Apartments: At $476,400 the Benchmark price for an FVREB apartment/condo decreased 1.5 per cent compared to May 2026 and decreased 9.1 per cent compared to June 2025.