Fraser Valley Market Update: September 2026

The Fraser Valley Real Estate Board released its September numbers this week, and the short version is: more homes to choose from, lower prices, but buyers still aren't in a hurry.

The numbers

• 922 sales in September — down 2% from August and down 4% from September 2025
• 2,818 new listings — up 19% from August as sellers came back to the market after a quiet summer, though still 18% below last September
• 9,763 active listings — essentially flat month-over-month, but still 31% above the 10-year seasonal average
• Sales-to-active ratio: 9% — the Fraser Valley remains a buyer's market (a balanced market is 12–20%)
• Composite benchmark price: $861,300 — down 1% from August, down 7% from a year ago

By property type

• Detached: $1,300,000 benchmark — down 1.5% from August, down 8.8% year-over-year
• Townhomes: $745,300 benchmark — down 0.7% from August, down 6.2% year-over-year
• Apartments/condos: $461,800 benchmark — down 0.9% from August, down 9.3% year-over-year

Homes are taking a bit longer to sell too — detached homes averaged 45 days in September, condos 46 days, and townhomes 38 days.

FVREB Chair Ishaq Ismail put it well: buyers have been waiting for more economic certainty, and a run of economic shocks has kept a lot of them on the sidelines even with more choice and lower prices in front of them. FVREB's Interim CEO Anthony Boone also pointed out that the benchmark price for a single-family home is now $460,000 below its March 2022 peak — that's a real shift in affordability for anyone who's been waiting.

So what does this mean for you?

If you're a buyer, this is about as much leverage as you've had in a while — more inventory, softer prices, and sellers who are often willing to talk. You don't have to rush a decision.

If you're a seller, it's not a market to panic in, but it is one where pricing and presentation matter more than ever. Homes are still selling — 922 of them last month across the Valley — but the ones that move are the ones priced right from day one. This is exactly where I tell my clients: the ones who trust the plan on pricing and staging, and stay flexible with the variables, are the ones who end up happiest with the result.

Want to talk through what this means for your specific home or your plans? I'm happy to run the numbers with you — reach out anytime, or book a time directly through my calendar at Ottlistings.com.

Justin Ott Personal Real Estate Corporation, Powered by LPT Realty

Oma's Favourite Realtor

Justin@ottlistings.com · (604) 832-2045 · Ottlistings.com

Source: Fraser Valley Real Estate Board, September 2026 MLS® statistics package.