Fraser Valley Real Estate Board Stats, September 2026: 922 Sales, a 9% Ratio, Every Area by Type

The Fraser Valley Real Estate Board (FVREB) recorded 922 home sales in September 2026 against 9,763 active listings. On FVREB's own month-end gauge, sales ran at 9% of inventory. A balanced market starts at 12%. In March 2022, the month the board now calls the peak for detached prices, the same gauge read 55%.

That gap explains almost everything else in the September package: a composite benchmark of $861,300, down 7.2% in a year, condos falling fastest, and homes taking five to seven weeks to sell. Below are the board-wide numbers, 13 months of trend, every FVREB area by property type, what's on EstateBlock right now, and how to read the stats package yourself.

Source: Fraser Valley Real Estate Board, September 2026 stats package, news release, MLS® Summary, MLS® HPI and sales-to-active ratio chart.

September 2026 at a glance

Source: Fraser Valley Real Estate Board, September 2026 stats package, MLS® Summary, grand totals; September 2024 column from the September 2024 package. Grand totals include all property types FVREB reports, not just the three residential types below.

Two things changed in September and one didn't. Sellers came back after the summer: 2,818 new listings, up 19% from August. Buyers didn't: sales slipped 2% from August to 922. And inventory sat still at 9,763, which FVREB says is 31% above the 10-year average for the time of year.

Compared with a year ago the picture is less dramatic than the headlines. Sales are down only 4.2%, and new listings are down 18.2%, so there are actually fewer homes for sale than in September 2025 (10,583). Year to date, 8,742 homes have sold, 5.5% fewer than the 9,250 in the first nine months of 2025. For scale, the board recorded 12,224 sales in all of 2025.

FVREB's interim CEO Anthony Boone put it this way in the release: Despite lower prices and more choice, buyers remain cautious, and that is being reflected in the pace of sales.

Fraser Valley benchmark prices by property type

The benchmark is the MLS® Home Price Index (HPI): the estimated price of a typical home with a fixed set of features. It's the number to watch because it doesn't jump around with whatever mix of homes happened to sell. FVREB also prints a Lower Mainland row, which combines the Fraser Valley with the Greater Vancouver board, so you can compare the two.

Source: Fraser Valley Real Estate Board, September 2026 stats package, MLS® Home Price Index table (Fraser Valley Board and Lower Mainland rows).

Every type is down on the year, and the Fraser Valley is falling faster than the Lower Mainland as a whole: −7.2% for the composite against −5.9%. Apartments lead the decline at −9.3%, then detached houses at −8.8%. Townhouses fell least, −6.2%. Over five years, townhouses (+1.5%) and apartments (+1.3%) are still a hair above September 2021; detached houses are 6.8% below.

FVREB board chair Ishaq Ismail said in the release that the Benchmark price for a single-family home is now $460,000 below its March 2022 peak. The three-year column shows the same thing in percentages: detached down 14.4% since September 2023, the composite down 15.7%. The 10-year column is the long-owner view: the composite is still up 26.9%, apartments 83.9%.

13 months of FVREB stats

Sales peaked in June 2026 at 1,147 and bottomed in January 2026 at 619. In no month did buyers come close to matching the flow of new listings. Even in December, the quietest month for sellers, sales (919) were below new listings (1,350).

Inventory follows the usual seasonal shape: down to 6,965 in December, back up to 10,377 by June 2026, and edging down since. What's unusual is the level. FVREB's releases have described active listings as 54% above the 10-year seasonal average in January and 31% above it in September. My read: the gap is narrowing mostly because fewer sellers are listing (new listings are down 18% on the year), not because buyers are clearing stock.

Indexed to September 2025, the three lines tell one story with different speeds. Apartments went from $510,400 to $461,800, detached from $1,420,000 to $1,300,000, townhouses from $795,600 to $745,300. All three were nearly flat from January to April, then started sliding again in May. These are first-published figures; FVREB revises earlier benchmarks, which is why the September 2025 values here differ slightly from the year-ago column in the table above.

Buyer's market, area by area

The month-end ratio has been between 8% and 13% for 13 straight months. It touched 13% once, in December, when inventory always shrinks, and has been under 12% every other month. FVREB's line: The Fraser Valley has spent most of the last two years in a buyer's market with no change in September. Two years ago, in September 2024, it was 11%.

The board-wide ratio hides a lot. Using the MLS® Summary pages, I divided each area's September sales by its active listings for each property type. Counting only detached, townhouse and apartment, the board comes out at 11.1%, a bit higher than the 9% headline and just under balanced: detached 10.3%, apartments 10.2%, townhouses 13.8%, which is inside the balanced band.

Source: Fraser Valley Real Estate Board, September 2026 stats package, MLS® Summary pages. Ratios calculated by EstateBlock. Small segments (under 100 active listings) swing a lot month to month.

10 of the 24 area-and-type segments are at 12% or higher. The tightest is Langley townhouses at 21.6% (61 sales, 283 listings), followed by Cloverdale townhouses (20.3%), North Delta townhouses (19.2%), South Surrey & White Rock townhouses (16.6%). Townhouses are the common thread, which matches what I found writing up Langley and the townhouse market.

At the other end, North Surrey townhouses are at 3.7%: 5 sales against 134 listings, about 27 months of supply at September's pace, though five sales is a small sample. Central Surrey apartments (5.5%) and North Surrey detacheds (6.6%) are close behind. If you're buying in those segments, you have time and leverage.

Fraser Valley prices by FVREB area

Mission (−11.6%), North Delta (−9.1%) and Abbotsford (−9.0%) fell the most. Cloverdale (−5.8%) and Langley (−6.2%) fell the least. The biggest one-month drops in September were townhouses in South Surrey & White Rock (−2.8%) and detacheds in Abbotsford (−2.7%).

Source: Fraser Valley Real Estate Board, September 2026 stats package, MLS® Home Price Index table. "Central Surrey" is the row FVREB labels Surrey.

The spread inside one board is wide. A typical detached house runs from $889,200 in Mission to $1,612,500 in South Surrey & White Rock. A typical condo runs from $370,200 in Abbotsford to $544,400. For the city-level detail I've written separate posts on Surrey and Langley.

Days to sell, from the release: on average 46 days for a condo, 45 for a detached house and 38 for a townhouse across the Fraser Valley in September.

What's listed now in the Fraser Valley

FVREB's numbers are a month old by the time they're published. EstateBlock's city pages update daily, so here's what was for sale on October 22, 2026 in the cities FVREB covers. These are asking prices on active listings, not sale prices, and EstateBlock's city boundaries aren't the same as FVREB's areas (EstateBlock's Delta page covers more than North Delta, for example).

Source: EstateBlock.com live listing pages, snapshot taken October 22, 2026 (active listings, asking prices). Share with a price cut = listings with a price cut ÷ homes for sale on each city page.

Across these six city pages, 8,402 homes were for sale, 461 came on in the past week, and 2,190 (26%) had already had a price cut. The cut share is remarkably even, from 25% to 28%. Roughly one seller in four has already blinked, wherever you look.

Source: EstateBlock.com live listing pages, snapshots taken October 15 and October 22, 2026 (active listings, asking prices). Weekly changes in a median asking price reflect which listings came on and off, not repricing of the same homes.

A week is short, and most medians barely moved. The more useful comparison is asking against benchmark. Surrey's 1,828 active house listings have a median ask of $1,599,997; FVREB's detached benchmark for the City of Surrey (North, Central, Cloverdale and South Surrey combined) was $1,386,200. Abbotsford's 325 condos ask a median $399,000, against a $370,200 benchmark. Asking prices sitting above the benchmark aren't proof of anything on their own (listings skew to bigger and newer homes), but combined with a 9% ratio, they tell me many sellers still haven't caught up.

How to read the FVREB stats package

FVREB publishes a free PDF every month, usually in the first few business days. The September 2026 package came out October 5, 2026. The files follow one pattern: fvreb.bc.ca/statistics/Package<YYYYMM>.pdf, so September 2026 is Package202609.pdf. Inside:

• News release. The board's summary and quotes. Good for the narrative, but the percentages are rounded.
• MLS® Summary. Grand totals for the board, then sales, new listings, active listings, benchmark, median and average price for detached, townhouse and apartment in each area: Abbotsford, Mission, White Rock / South Surrey, Langley, North Delta, and Central, Cloverdale and North Surrey. There's also a City of Surrey combined block.
• MLS® Home Price Index. Benchmark price and 1-month to 10-year changes for every area and type, plus the Lower Mainland row.
• Charts. Long-run sales, listings and inventory since 2005, the sales-to-active ratio with the balanced band marked, and HPI lines by type.

Three rules I use when reading it:

1. Price off the benchmark, not the average. In September the board's average detached sale was $1,332,989 and the median $1,200,000; the benchmark was $1,300,000. Average and median move with the mix of what sold.
2. Watch the ratio by type and area, not just the headline. The board's 9% hides Langley townhouses at 22% and Central Surrey condos at 5%.
3. Small areas lie. Mission had 5 townhouse sales in September; its townhouse median fell 36% on the year, while its townhouse benchmark fell 4.1%. Don't make a decision off five sales.

For Greater Vancouver (Burnaby to Maple Ridge, the North Shore and Richmond), the other board, GVR, publishes its own package. I cover both every month in the Greater Vancouver and Fraser Valley market update.

My read

None of this is a forecast. The named forecasts are side by side in my 2027 predictions post. FVREB's October numbers come out in early November, and this page gets updated when they do.