Fraser Valley September 2026 Market Stats — More Choice and Lower Prices, but Buyers Stay Cautious

The Fraser Valley Real Estate Board released its September 2026 numbers, and the story is a familiar one with a few new twists. Prices keep softening, choice is plentiful, and buyers are still holding back.

Let's break this down. The Fraser Valley recorded 922 sales in September, down two per cent from August and four per cent below the same month last year. Demand is still subdued, even with prices where they are.

More sellers came back after a quieter summer. There were 2,818 new listings in September, up 19 per cent from August, but still 18 per cent below September of last year.

Inventory held steady, with 9,763 active listings, a 0.2 per cent decline from August. That is still 31 per cent above the 10-year seasonal average. The Fraser Valley has spent most of the last two years in a buyer's market, and September did not change that. A balanced market is typically defined by a sales-to-active listings ratio between 12 and 20 per cent.

Here is what the numbers look like on benchmark pricing. The composite benchmark price for a typical Fraser Valley home fell one per cent from August and is down seven per cent from a year ago.

Single-family detached homes are benchmarking at $1,300,000, down 1.5 per cent from August and down 8.8 per cent year-over-year.

Townhomes are at $745,300, down 0.7 per cent from August and down 6.2 per cent year-over-year.

Apartments are at $461,800, down 0.9 per cent from August and down 9.3 per cent year-over-year.

Average days to sell were 46 days for condos, 45 days for single-family detached homes, and 38 days for townhomes.

Here's the reality. Ishaq Ismail, Chair of the Fraser Valley Real Estate Board, pointed out that the benchmark price for a single-family home is now $460,000 below its March 2022 peak. For buyers who are in a position to act, that is a significant shift in affordability, and it may create an opportunity for some households to move into a different segment of the market. Anthony Boone, Interim CEO of the Board, noted that a succession of economic shocks has weighed on consumer confidence, and that despite lower prices and more choice, buyers remain cautious.

If you are a move-up buyer, the gap between what you sell for and what you buy for has been narrowing in your favour. It is worth running the numbers on a segment you could not reach a couple of years ago.

If you are a first-time buyer, apartments and townhomes are down meaningfully from a year ago, and there is plenty of inventory to choose from. Check in with a mortgage broker about where you actually stand.

If you are a seller, buyers have choice and they know it. Homes priced for today's market are still moving. Homes priced for last year's market are sitting.

If you are looking for a local real estate expert in South Surrey, White Rock, or the Fraser Valley to help you get ahead in the market, feel free to reach out. I am here to help.