{"id":28284,"date":"2026-08-07T10:10:10","date_gmt":"2026-08-07T17:10:10","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=28284"},"modified":"2026-08-07T09:20:37","modified_gmt":"2026-08-07T16:20:37","slug":"the-fraser-valley-housing-market-remained-firmly-in-buyers-territory","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2026\/08\/the-fraser-valley-housing-market-remained-firmly-in-buyers-territory\/","title":{"rendered":"The Fraser Valley Housing Market Remained Firmly in Buyers&#8217; Territory"},"content":{"rendered":"<p style=\"text-align: justify;\">SURREY, BC \u2013 Fraser Valley home prices continued to edge downward in July, with the composite Benchmark price down 0.8% from June and down 7% year-over-year. Despite improving affordability, buyers remained cautious, keeping sales well below typical seasonal levels.<\/p>\n<p style=\"text-align: justify;\">The Fraser Valley Real Estate Board recorded 1,089 sales on its Multiple Listing Service\u00ae (MLS\u00ae) in July, a 5% decrease from June and 9% below the same month last year.<\/p>\n<p style=\"text-align: justify;\">&#8220;Buyer urgency has been notably absent from the Fraser Valley market for some time now,&#8221; said Ishaq Ismail, Chair of the Fraser Valley Real Estate Board. &#8220;With inventory remaining high and competition subdued, buyers know they don&#8217;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.&#8221;<\/p>\n<p style=\"text-align: justify;\">Seller activity slowed in July, with 2,836 new listings coming to market\u2014a 14% decline from June and 18%t below the same month last year. Overall inventory also edged down in July, with 10,044 active listings on the market, a 3% decline from June, but still 32% above the 10-year<br \/>\nseasonal average.<\/p>\n<p style=\"text-align: justify;\">The Fraser Valley remains in a buyer\u2019s market with a sales-to-active listings ratio of 11% in July. A balanced market is typically defined by a ratio between 12% and 20%.<\/p>\n<p style=\"text-align: justify;\">&#8220;Economic uncertainty continues to influence buying decisions, but the Fraser Valley has remained one of the Lower Mainland\u2019s brightest spots for improving affordability,&#8221; said Anthony Boone, Interim CEO of the Fraser Valley Real Estate Board. &#8220;As home prices continue to ease, qualified buyers are finding opportunities that simply weren&#8217;t available a few years ago, particularly those looking to enter the market or downsize.&#8221;<\/p>\n<p style=\"text-align: justify;\">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.<\/p>\n<p style=\"text-align: justify;\">The composite Benchmark price for a typical Fraser Valley home in July was $877,600.<\/p>\n<p style=\"text-align: justify;\"><strong>MLS\u00ae HPI Benchmark Price Activity<\/strong><\/p>\n<p style=\"text-align: justify;\">\u2022 Single Family Detached : At $1,335,200 the Benchmark price for an FVREB single-family detached home decreased 1.1% compared to June 2026 and decreased 8.3% compared to July<br \/>\n2025.<br \/>\n\u2022 Townhomes : At $757,300 the Benchmark price for an FVREB townhome decreased 0.9% compared to June 2026 and decreased 7.1% compared to July 2025.<br \/>\n\u2022 Apartments : At $469,500 the Benchmark price for an FVREB apartment\/condo decreased 1.4% compared to June 2026 and decreased 9.1% compared to July 2025.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.fvreb.bc.ca\/statistics\/Package202607.pdf\" target=\"_blank\" rel=\"noopener\">Click here<\/a> to view the July statistics report.<\/p>\n<p><a href=\"https:\/\/www.fvreb.bc.ca\/statistics\/monthly-market-report\/\" target=\"_blank\" rel=\"noopener\">Improving Affordability Continues to Outpace Buyer Demand<\/a> by FVREB<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SURREY, BC \u2013 Fraser Valley home prices continued to edge downward in July, with the composite Benchmark price down 0.8% from June and down 7% year-over-year. Despite improving affordability, buyers &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2026\/08\/the-fraser-valley-housing-market-remained-firmly-in-buyers-territory\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,13],"tags":[],"class_list":["post-28284","post","type-post","status-publish","format-standard","hentry","category-market-updates","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Fraser Valley Housing Market Remained Firmly in Buyers&#039; Territory &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2026\/08\/the-fraser-valley-housing-market-remained-firmly-in-buyers-territory\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"The Fraser Valley Housing Market Remained Firmly in Buyers&#039; Territory &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"SURREY, BC \u2013 Fraser Valley home prices continued to edge downward in July, with the composite Benchmark price down 0.8% from June and down 7% year-over-year. 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