The Fraser Valley real estate market kept tilting in buyers favour through August 2026, with sales slowing from July, prices easing across almost every property type, and inventory still sitting well above its long-term seasonal average. According to the latest Fraser Valley Real Estate Board (FVREB) statistics, 941 homes changed hands across the region in August, a number that looks steady compared to a year ago but tells a very different story once you break it down by community and property type. Below is a full look at how detached homes, townhomes, and condos performed across White Rock, South Surrey, Langley, Surrey, Abbotsford, Mission, and North Delta last month.

Fraser Valley Housing Market Overview – September 2026

August's 941 sales were one per cent above August 2025 and only the second year-over-year sales gain the Fraser Valley has recorded since the start of 2025, though they marked a fourteen per cent drop from July. New listings pulled back too, with 2,373 homes coming to market, down sixteen per cent from July and fifteen per cent from a year earlier, suggesting some sellers are choosing to wait rather than list into a slower market.

Active inventory eased slightly to 9,787 listings, three per cent below July, but that total is still thirty-three per cent above the ten-year seasonal average for August. With that much supply on hand, the sales-to-active-listings ratio sat at just ten per cent for the month, keeping the region firmly in buyer's market territory. A balanced market is generally considered to fall between twelve and twenty per cent, so buyers currently have more negotiating leverage than sellers in most price ranges. Homes took an average of 45 days to sell whether they were detached houses or condos, while townhomes moved a bit quicker at 37 days.

That extra time and inventory kept pushing prices down. The composite MLS® Home Price Index benchmark for a typical Fraser Valley home fell to $869,900 in August, down 0.9 per cent from July and 7.2 per cent from a year earlier. Buyers who can negotiate are finding room below asking price, and sellers who genuinely need to move are more often accepting those lower offers, which is what's driving the gradual price declines across the region. It's worth keeping some perspective, though: Fraser Valley home prices are still up 27.3 per cent over the past decade, so this slowdown looks more like a cooling-off period after several years of rapid appreciation than a market in trouble.

Detached, Townhouse, and Condo Prices Across the Fraser Valley

Broken down by property type, here's where Fraser Valley Board-wide benchmark prices stood in August 2026:

• Detached homes: $1,319,600 benchmark price, down 1.2 per cent from July and 8.4 per cent from August 2025, on 332 sales
• Townhomes: $750,600 benchmark price, down 0.9 per cent from July and 7.1 per cent from August 2025, on 244 sales
• Condos and apartments: $466,100 benchmark price, down 0.7 per cent from July and 8.9 per cent from August 2025, on 234 sales

Even with those year-over-year declines, all three property types remain well ahead of where they stood a decade ago. Detached homes are up 42.9 per cent over ten years, townhomes are up 65.1 per cent, and condos have gained 88.8 per cent, the strongest long-term performer of the three.

White Rock and South Surrey Real Estate Market

White Rock and South Surrey remain the priciest corner of the Fraser Valley, and August showed a market that's cooling from a very high base rather than falling apart. The combined residential benchmark price for the area sits at $1,010,000, down 7.2 per cent year-over-year, though it barely moved month-to-month, slipping just 0.1 per cent from July.

Detached Homes in White Rock and South Surrey

• 48 detached sales in August, up 33.3 per cent from a year ago, though down 21.3 per cent from July's pace
• Benchmark price of $1,649,200, the highest of any area in this report, down 7.5 per cent year-over-year but up 0.1 per cent from July
• Median price of $1,623,523 and average price of $1,790,326
• Active listings at 616, down 5.8 per cent year-over-year

Detached sales here actually grew faster year-over-year than almost anywhere else in the Fraser Valley, and the benchmark price barely budged month-over-month. That combination suggests well-located, well-priced detached homes in White Rock and South Surrey are still finding motivated buyers, even with prices down from where they were a year ago.

Townhomes in White Rock and South Surrey

• 33 townhome sales, down 2.9 per cent year-over-year and 13.2 per cent from July
• Benchmark price of $820,300, down 11.1 per cent year-over-year and 1.7 per cent from July, the largest decline of the three property types in this area
• Median price of $855,000 and average price of $904,178
• Active listings at 280, down 3.8 per cent year-over-year

Condos and Apartments in White Rock and South Surrey

• 52 condo sales, up 26.8 per cent year-over-year despite dipping 8.8 per cent from July
• Benchmark price of $550,800, down 6.2 per cent year-over-year but up 0.7 per cent from July
• Median price of $552,500 and average price of $647,209
• Active listings at 321, down 13.0 per cent year-over-year

Condo sales here climbed by more than a quarter year-over-year while pricing stayed essentially flat month-to-month, which points to steady demand from buyers priced out of the detached market. Because detached, townhouse, and condo trends are moving in such different directions right now, it's worth having a conversation with a White Rock realtor before you price a listing or write an offer. A team of White Rock realtors who track these numbers closely can tell you whether the broader trend above actually applies to your street, building, or price bracket.

Langley Real Estate Market

Langley continues to hold up better than most of its neighbours. The residential benchmark price sits at $948,600, down 6.6 per cent year-over-year, a smaller decline than White Rock, South Surrey, Surrey, or Abbotsford saw over the same period. Langley detached homes are also the only property type in this entire report that's completely flat over the past five years, a sign of unusually steady long-term demand.

Detached Homes in Langley

• 69 detached sales, down 4.2 per cent year-over-year and 12.7 per cent from July
• Benchmark price of $1,479,400, down 7.1 per cent year-over-year and 1.4 per cent from July
• Median price of $1,315,000 and average price of $1,367,948
• Active listings at 425, down 22.0 per cent year-over-year, the sharpest inventory drop of any property type in Langley

Active detached listings in Langley fell twenty-two per cent year-over-year, even as inventory across the wider Fraser Valley stayed well above average. That's a meaningful gap, and it's exactly the kind of local nuance a Langley realtor should be watching closely, since a tighter local supply can change how aggressively a buyer needs to move on a well-priced home.

Townhomes in Langley

• 62 townhome sales, down 13.9 per cent year-over-year and 25.3 per cent from July
• Benchmark price of $806,400, down 5.0 per cent year-over-year, the smallest year-over-year decline for townhomes anywhere in this report, and down 0.6 per cent from July
• Median price of $792,500 and average price of $807,346
• Active listings at 266, down 15.8 per cent year-over-year

Condos and Apartments in Langley

• 65 condo sales, up 35.4 per cent year-over-year and 1.6 per cent from July, the strongest year-over-year sales growth of any property type in Langley
• Benchmark price of $534,000, down 8.8 per cent year-over-year but unchanged from July
• Median price of $521,600, up 0.3 per cent year-over-year, and average price of $540,492
• Active listings at 420, up 1.7 per cent year-over-year, one of the few segments in this report where inventory actually grew

Condo sales in Langley jumped more than a third year-over-year while pricing held essentially flat, a combination that usually points to first-time buyers taking advantage of relative price stability. That kind of shift is exactly the sort of signal a top Langley realtor tracks closely, since it often shows up as increased competition on well-priced listings before it shows up in the benchmark numbers.

Whether you're comparing a detached home in Willoughby Heights, a townhome in Walnut Grove, or a condo near Langley City, a top realtor Langley buyers and sellers already trust can tell you how these numbers apply to your specific street and price point, rather than to the market as a whole.

Surrey Real Estate Market: Central, Cloverdale, and North Surrey

Across Surrey's Central, Cloverdale, and North sub-areas combined (excluding White Rock), detached sales rose to 152 units in August, up 10.1 per cent year-over-year, with a benchmark price of $1,407,800, down 8.3 per cent. Townhouse sales were nearly flat at 124 units, up 0.8 per cent year-over-year, with a benchmark of $764,900, down 7.8 per cent. Condo sales fell to 107 units, down 14.4 per cent year-over-year, with a benchmark of $450,800, down 9.5 per cent. Underneath those combined numbers, though, the three sub-areas are behaving quite differently from one another.

How Surrey's Sub-Areas Compare

• Central Surrey: detached sales fell to 45 units, down 28.6 per cent year-over-year, with the benchmark easing to $1,322,800 (down 8.8 per cent); townhouse sales held steady at 53 units, unchanged year-over-year, with a benchmark of $748,000 (down 5.9 per cent); condo sales dropped sharply to just 9 units, down 57.1 per cent, with a benchmark of $462,800 (down 11.2 per cent)
• Surrey Cloverdale: detached sales climbed to 33 units, up 65.0 per cent year-over-year, the strongest detached sales growth anywhere in this report, with a benchmark price of $1,339,700 (down a comparatively modest 6.2 per cent); townhouse sales rose to 26 units, up 8.3 per cent, with a benchmark of $757,200 (down 6.4 per cent); condo sales fell to 12 units, down 40.0 per cent, with a benchmark of $505,700 (down 11.3 per cent)
• North Surrey: detached sales rose to 35 units, up 9.4 per cent year-over-year, even as the benchmark price fell 11.5 per cent to $1,262,400, the steepest detached price decline of any Surrey sub-area; townhouse sales held flat at 13 units with a benchmark of $681,400 (down 10.5 per cent); condo sales eased to 53 units, down 10.2 per cent, with a benchmark of $401,400, the second most affordable condo benchmark in this entire report

That kind of spread, detached sales up sixty-five per cent in Cloverdale while condo sales fell fifty-seven per cent in Central Surrey in the very same month, shows why a single Fraser Valley average, or even a single Surrey average, can be misleading. The right read on a Surrey property depends heavily on which specific sub-area and property type you're looking at.

Abbotsford Real Estate Market

Abbotsford saw 56 detached sales in August, up 12.0 per cent year-over-year and 9.8 per cent from July, with a benchmark price of $1,117,700, down 7.9 per cent year-over-year. Townhouse sales rose to 43 units, up 2.4 per cent year-over-year and 26.5 per cent from July, with a benchmark of $596,600, down 8.4 per cent, the most affordable townhouse benchmark anywhere in this report. Condo sales, however, fell to 36 units, down 26.5 per cent year-over-year, with a benchmark price of $374,600, down 10.9 per cent, which is the most affordable condo benchmark of any area covered here.

Active listings told a similar story of uneven demand: detached inventory sat at 438 (down 14.6 per cent year-over-year), townhouse inventory at 241 (down 3.6 per cent), and condo inventory at 323 (down 17.4 per cent). With both prices and inventory pulling back at the same time, Abbotsford's affordability advantage, especially for townhomes and condos, remains one of the more compelling value stories in the Fraser Valley right now.

Mission Real Estate Market

Mission posted 27 detached sales in August, down 28.9 per cent year-over-year and 25.0 per cent from July, with a benchmark price of $892,700, down 11.8 per cent year-over-year, the lowest detached benchmark price of any area in this report. Townhouse and condo activity here is thin enough that month-to-month percentages can swing wildly on very small sample sizes: townhouse sales rose from 8 to 9 units, up 12.5 per cent year-over-year, with a benchmark of $621,700 (down 4.4 per cent), while condo sales fell from 6 to just 3 units, down 50.0 per cent, with a benchmark of $414,600 (down 4.7 per cent).

Because Mission's townhouse and condo markets move on such small numbers of transactions, it's worth treating any single month's percentage change with some caution and focusing on the benchmark price trend over several months instead.

North Delta Real Estate Market

North Delta detached sales came in at 19 units in August, down 9.5 per cent year-over-year and 52.5 per cent from an unusually strong July, with a benchmark price of $1,186,400, down 10.3 per cent year-over-year. Townhouse sales were essentially a rounding error at 4 units, up from 3 a year earlier, though the benchmark price of $850,300, down 8.4 per cent year-over-year, is actually the highest townhouse benchmark anywhere in this report. Condo activity was thinner still, with just 2 sales in August compared to 9 a year ago, and a benchmark price of $485,100, down 9.8 per cent year-over-year.

As with Mission, North Delta's townhouse and condo numbers are based on very few transactions each month, so they're better used to spot a general direction than to draw firm conclusions about pricing.

What August's Numbers Mean for Fraser Valley Buyers and Sellers

Taken together, August 2026 confirms the Fraser Valley is still a buyer's market, but not a uniform one. Detached sales grew year-over-year in White Rock, South Surrey, Cloverdale, and North Surrey even as prices kept easing, while condo sales surged in Langley and White Rock/South Surrey at the same time they slumped in Central Surrey, Cloverdale, and Abbotsford. Langley's detached benchmark is flat over five years, Mission has the region's most affordable detached homes, and Abbotsford has the most affordable townhomes and condos. None of those patterns show up in a single Fraser Valley Board average.

If you're trying to figure out whether now is the right time to buy or list, the community and property type you're focused on matter far more than the regional headline. We track these numbers every month across White Rock, South Surrey, Langley, Surrey, Abbotsford, Mission, and North Delta, so reach out any time you'd like a read on what's happening on your specific street.