Joanne Taylor
Awarded
Rotarian of the Year
Rotary Club of South Surrey
2013
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FVRB News Release September 2, 2026
Fraser Valley Sellers Feel the Squeeze as Buyers Take their Time
SURREY, BC – A deepening buyer’s market in the Fraser Valley is giving buyers more time to make their move, as sales continued to slow in August.
The Fraser Valley Real Estate Board recorded 941 sales on its Multiple Listing Service® (MLS®) in August, a 14 per cent decrease from July but one per cent above sales from the same month last year. The year-overyear increase marks only the second annual gain since the beginning of 2025, a modest bright spot in a market where overall demand remains subdued and prices continue to ease.
“We’re seeing a bit of a tug-of-war between buyers and sellers right now,” said Ishaq Ismail, Chair of the Fraser Valley Real Estate Board. “Some buyers are seeing an opportunity to negotiate below asking price, while sellers who need to sell are more likely to accept lower offers. That dynamic is contributing to the gradual decline in home prices we are seeing across the Fraser Valley, which ultimately creates more opportunities for those looking to get into the market.”
The summer slowdown was also reflected in fewer homes coming to market, as some sellers held off on listing. The Fraser Valley saw 2,373 new listings in August—a 16 per cent decline from July and 15 per cent below the same month last year. Overall inventory also edged down in August, with 9,787 active listings on the market, a three per cent decline from July, but still 33 per cent above the 10-year seasonal average.
The Fraser Valley remains in a buyer’s market with a sales-to-active listings ratio of 10 per cent in August. A balanced market is typically defined by a ratio between 12 and 20 per cent.
“While some buyers remain on the sidelines amid headlines about tariffs and high gas prices, the Fraser Valley housing market continues to offer some compelling choices hiding in plain sight,” said Anthony Boone, Interim CEO of the Fraser Valley Real Estate Board. “Prices are now as much as 15 per cent lower than they were three years ago, and these conditions are expected to continue to favour buyers for the foreseeable future.”
Across the Fraser Valley in August, the average number of days to sell both a single-family detached home and a condo was 45 days.
Townhomes took, on average, 37 days to sell.
The composite Benchmark price for a typical Fraser Valley home declined 0.9 per cent in August to $869,900, a seven per cent decrease compared to August 2025.
Full package: https://www.fvreb.bc.ca/statistics/Package202608.pdf
MLS Benchmark Price Activity for AUGUST 2026 for *WHITE ROCK/SOUTH SURREY*
• Single Family Detached: At $1,649,200 the Benchmark price for a single-family detached home in the South Surrey/White Rock area decreased 7.5% from $1,782,200 from August last year and increased slightly from last month in July ($1,647,200).
• Townhomes: At $820,300, the Benchmark price for a townhome decreased 11.1 from August last year ($922,500) and decreased 1.7% from last month in July ($834,900).
• Apartments: At $550,800, the Benchmark price for apartments/condos decreased 6.2% from $587,000 compared to August last year, and increased slightly from last month in July ($546,900).
SALES FOR AUGUST 2026 (for *WHITE ROCK & SOUTH SURREY*)
Detached: 48 sales down 21.3% from 61 last month and up 33% from 36 from August last year.
Townhouses: 33 sales, down from 38 last month and up from 34 last year in August.
Apartments: 52 sales down from 57 last month but up 26.8% from 41 last year in August.
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The Importance of Market Data
One of the most important marketing tools Joanne uses in pricing and marketing a property is market statistics. This information includes comparisons between ‘listed’ properties (properties currently for sale) and ‘sold’ properties (properties that sold within a one-month period).
These comparisons are generated at the end of every month by the Multiple Listing Service® and are not available to the public. These reports help to determine the Current Market Conditions affecting your specific neighbourhood.
The “Sales-To-Actives Ratio” tells the percentage of inventory that is selling in a given month (sales for the month divided by the Active Listings = the per centage of homes that are selling). This provides a better idea of the sense of balance between total supply and demand.
To determine the type of Market, if 11 to 20 per cent of inventory is selling (with give & take), the market is balanced. A Seller's Market is when more than 20 per cent is selling, and when it's less than 11 per cent the reverse is the case and buyers have the upper hand.
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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.