What was the Fraser Valley benchmark price for a detached home in July 2026?

The benchmark price for a detached home in the Fraser Valley was $1,335,200 in July 2026.

What was the benchmark price for a townhouse in July 2026?

The benchmark price for a townhouse in the Fraser Valley was $757,300 in July 2026.

What was the benchmark price for an apartment in July 2026?

The benchmark price for an apartment in the Fraser Valley was $469,500 in July 2026.

How many homes were sold in the Fraser Valley in July 2026?

A total of 1,089 homes were sold through the Fraser Valley Real Estate Board in July 2026.

Is it a good time to buy a home in the Fraser Valley?

July 2026 remained a buyer-friendly market with more than 10,000 active listings, giving purchasers greater selection and negotiating opportunities. The right time to buy depends on your financial situation and long-term goals.

Fraser Valley Housing Market Continues to Favor Buyers

by Sunny Kaler PREC

The Fraser Valley real estate market remained balanced in July 2026 as inventory stayed above 10,000 active listings for the second consecutive month. While sales and new listings declined compared to June, buyers continue to benefit from greater selection and increased negotiating power.

Whether you're buying your first home, upsizing, or preparing to sell, understanding today's market conditions can help you make informed decisions.

FVREB Monthly Stats July 2026

July 2026 Market Snapshot

Market Indicator	July 2026
Total Sales	1,089
New Listings	2,836
Active Listings	10,044

Month-over-Month (Compared to June 2026)

📉 Total Sales: -5.1%
📉 New Listings: -14.1%
📉 Active Listings: -3.2%

Year-over-Year (Compared to July 2025)

📉 Total Sales: -8.5%
📉 New Listings: -17.9%
📉 Active Listings: -5.7%

Fraser Valley Benchmark Prices

Detached Homes

$1,335,200

▼ 1.1% from June 2026
▼ 8.3% from July 2025

Townhomes

$757,300

▼ 0.9% from June 2026
▼ 7.1% from July 2025

Apartments

$469,500

▼ 1.4% from June 2026
▼ 9.1% from July 2025

What This Means for Buyers

Today's market continues to provide opportunities for buyers.

With over 10,000 active listings, purchasers have:

More homes to choose from
Less competition
More time to complete due diligence
Stronger negotiating power
Greater ability to include financing and inspection conditions

For many buyers, this is one of the most balanced Fraser Valley markets we've seen in recent years.

What This Means for Sellers

Although homes are still selling, pricing strategy has become more important than ever.

Homes that are:

priced correctly,
professionally marketed,
presented well,
and exposed to the widest audience,

continue to attract qualified buyers.

Properties that enter the market overpriced often experience longer days on market and multiple price reductions.

Surrey Market Outlook

As one of the largest municipalities in British Columbia, Surrey continues to attract families, first-time buyers, and investors thanks to ongoing infrastructure improvements, SkyTrain expansion, new schools, and long-term population growth.

While prices have softened compared to last year, many buyers are taking advantage of increased inventory before interest rates potentially decline further.

For homeowners considering selling in Surrey, professional pricing and marketing remain essential to achieving the best possible result.