May 2026 Market Update
Fraser Valley Real Estate Market Update
Falling prices are opening the door for move-up buyers, with detached homes the most active segment of the Fraser Valley market in May.
Benchmark price (all types)
$893,300
▼ -0.7% MoM · ▼ -7.3% YoY
Total sales
1,124
-5.0% vs May 2025 · +0.5% vs April
New listings
3,300
-17.6% vs May 2025
Active listings
10,140
-4.6% vs May 2025 · well above historical norms
Market Overview
What’s happening in Fraser Valley this month
The Fraser Valley stayed firmly in buyer's market territory in May 2026, with a sales-to-active ratio of 11% and 10,140 active listings offering buyers an abundance of choice. Sales ticked up 0.5% from April to 1,124, led by detached homes — the busiest segment — as move-up buyers with existing equity took advantage of detached benchmarks that have fallen 7.9% in a year to $1,366,500. The composite benchmark dipped 0.7% to $893,300, and condos saw the steepest annual adjustment at -8.8% to $483,800. Homes are taking 35-40 days to sell on average, giving prepared buyers time and negotiating room rarely seen in recent years.
Supply & Demand
Sales-to-active listings ratio
Fraser Valley is in buyer’s market territory
The overall ratio of 11% is below 12%, which historically puts downward pressure on prices. Historically, sustained ratios below 12% put downward pressure on prices, while ratios above 20% push prices upward. Worth noting: the ratio is being held up partly by fewer new listings (down 17.6% year-over-year) rather than stronger sales, which were down 5%.
Detached 11.9%
Townhouse 17.9%
Apartment 11.4%
Benchmark Prices
MLS® HPI benchmark prices — May 2026
| Home type | Benchmark price | 1-month change | 1-year change |
|---|---|---|---|
| All home types (composite) | $893,300 | ▼ -0.7% | ▼ -7.3% |
| Detached | $1,366,500 | ▼ -0.6% | ▼ -7.9% |
| Townhouse | $769,500 | ▼ -0.3% | ▼ -7.6% |
| Apartment / condo | $483,800 | ▼ -1.5% | ▼ -8.8% |
Sales Activity
Home sales by property type
| Home type | May 2026 sales | May 2025 sales | Change | Median price |
|---|---|---|---|---|
| Detached | 413 | 405 | +2.0% | $1,290,000 |
| Townhouse / attached | 308 | 309 | -0.3% | $771,500 |
| Apartment / condo | 263 | 341 | -22.9% | $485,000 |
Common Questions
Fraser Valley market FAQ
What is the benchmark home price in Fraser Valley?
As of May 2026, the MLS® HPI composite benchmark price in Fraser Valley is $893,300 across all home types. By segment: detached $1,366,500, townhouse $769,500, and apartment $483,800. The benchmark represents a typical home in the market, which makes it a more reliable trend indicator than average or median prices.
Are home prices in Fraser Valley going up or down?
The composite benchmark dipped 0.7% from April 2026 and is down 7.3% compared to May 2025. Detached prices moved -0.6% month-over-month, townhouses -0.3%, and apartments -1.5%. Segments are moving differently, so the right read depends on the type of home you own or want to buy.
Is Fraser Valley a buyer’s or seller’s market right now?
With a sales-to-active listings ratio of 11%, Fraser Valley is in buyer’s market conditions — the ratio is below 12%, which historically puts downward pressure on prices. By segment: detached 11.9%, townhouse 17.9%, and apartment 11.4%.
How many homes sold in Fraser Valley in May 2026?
413 detached, 308 townhouse/attached, and 263 apartment sales were recorded in May 2026, compared with 405, 309, and 341 respectively in May 2025.
Is now a good time to buy or sell in Fraser Valley?
For buyers: inventory is healthy, prices are below year-ago levels, and homes are taking longer to sell — that combination means more selection and more negotiating power than in recent years. For sellers: well-prepared, accurately priced homes are still selling, but pricing to today’s market (not last year’s) is the difference between selling in weeks and sitting for months. The right move depends on your situation, especially if you’re selling and buying in the same market.
How does Fraser Valley compare to nearby markets?
The Fraser Valley's composite benchmark of $893,300 is roughly $207,000 below Greater Vancouver's $1,100,700, and its 11% sales-to-active ratio sits slightly deeper in buyer's market territory than Metro Vancouver's 13.1% — making the Valley the value play of the Lower Mainland right now.
About this data: All figures are from the Fraser Valley Real Estate Board (FVREB) May 2026 statistics package.
Benchmark prices are MLS® Home Price Index values representing a typical home in the market.
Sales-to-active ratios by home type computed from FVREB-published sales and active listing counts. Information is deemed reliable but is not guaranteed. Prepared by Derek Vanderkooy PREC*
and David Maître PREC*, Value-First Home Team, One Percent Realty Ltd.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.