Fraser Valley Housing Market Update: November 2026
At A Glance
October 2026 Fraser Valley Snapshot
Where The Market Sits
Sales-to-active listings ratio. Below 12% favours buyers, above 20% favours sellers.
Snapshot Overview
Benchmark prices, monthly & annual movement, and sales activity side by side.
| Detached | Townhome | Condo | |
|---|---|---|---|
| Benchmark Price | $1,293,800 | $742,300 | $460,800 |
| vs. September 2026 | -0.5% | -0.4% | -0.2% |
| vs. October 2025 | -8.5% | -5.5% | -8.1% |
| Sales (Oct) | 384 | 258 | 238 |
| Sales vs. October 2025 | +1.8% | -17.6% | -20.1% |
| Days on Market | 50 days | 37 days | 44 days |
12-Month Price Trend
Fraser Valley aggregate. Click a property type below to switch chart, hover any data point for the exact monthly benchmark price.
Detached homes continued to lead sales activity in October, significantly outpacing both townhomes and apartments. This is a trend we’ve been watching in recent months, and improving affordability in the detached segment may be helping sustain that demand. The substantial price correction appears to be bringing detached homes within reach for more buyers.
Ishaq Ismail · Chair, Fraser Valley Real Estate Board
Time On Market
How Long Homes Are Taking To Sell
Average days on market across the Fraser Valley for the prior month.
By Area
Fraser Valley Cities & Sub-Areas
Every sub-area in the Fraser Valley report, with MLS Home Price Index benchmarks plus monthly sales & listing volumes. Percentages below each price are vs. October 2025.
| Area | Composite | Detached | Townhome | Condo | Sales | New | Active |
|---|---|---|---|---|---|---|---|
| Abbotsford | $702,800-9.9% | $1,090,500-13.1% | $579,600-10.1% | $370,300-10.0% | 161+4.5% | 281-20.1% | 935-12.8% |
| Mission | $787,800-11.9% | $883,300-13.1% | $606,100-6.1% | $396,200-8.2% | 26-39.5% | 85-16.7% | 333-9.2% |
| South Surrey/White Rock | $996,000-5.4% | $1,606,500-6.3% | $800,900-9.2% | $558,600-3.5% | 135-13.5% | 342-12.5% | 1,115-15.4% |
| Langley | $932,900-5.7% | $1,448,100-6.5% | $800,600-3.7% | $522,300-8.4% | 195-13.3% | 434-11.6% | 1,098-19.6% |
| North Delta | $1,024,900-6.8% | $1,165,900-9.2% | $867,500-1.4% | $475,700-11.2% | 45+7.2% | 88-13.7% | 255-27.3% |
| Surrey (Combined) | - | $1,380,100-7.7% | $757,300-5.5% | $443,900-9.6% | 419-15.4% | 800-21.1% | 2,804-14.0% |
| Surrey (Central) | $899,900-7.0% | $1,288,000-8.9% | $744,300-4.5% | $453,600-12.2% | 159-1.8% | 359-24.1% | 1,250-17.9% |
| Surrey (Cloverdale) | $930,600-4.6% | $1,326,400-6.0% | $757,900-4.4% | $501,800-8.8% | 59-27.2% | 160-14.0% | 397-8.5% |
| Surrey (North) | $637,000-7.2% | $1,254,500-9.8% | $671,000-3.4% | $392,300-10.2% | 100-20.0% | 281-20.8% | 1,157-11.3% |
* All percentage changes shown above are vs. October 2025 (Green = increase, Red = decrease)
Thinking About Buying or Selling in the Fraser Valley?
The best first step is a quick conversation. Pick a time in the calendar that works for you and we'll talk it through.
Where the Deals Are
Best Deals for Buyers & Hot Pockets for Sellers
Every city gets a Buyer's Pick and a Seller's Pick for detached homes and for attached homes (townhomes and condos). The bar beside each city shows its sales ratio: below 12% favours buyers, above 20% favours sellers.
Here's the short version: more homes sold in October than in September, but the balance between buyers and sellers barely moved. Detached homes did the heavy lifting. They were the only property type with more sales than October 2025, while townhome and condo sales fell by roughly a fifth. Prices are still drifting down, and inventory is shrinking for the season, so if you're buying you still have room to negotiate.
Every figure here comes from the Fraser Valley Real Estate Board's October 2026 Statistics Package, released November 3, 2026. The FVREB area covers Surrey, Langley, Abbotsford, Mission, White Rock & North Delta.
What Changed In October
- •Detached homes carried the month: 384 detached sales is up 1.6% on October 2025. Townhome sales fell 17.6% to 258, and condo sales fell 20.1% to 238.
- •Fewer listings coming on: 2,551 new listings is down 9.5% from September and 14.0% from October 2025. That's normal for fall, and it's pulling total inventory down too.
- •Prices still easing: The composite Benchmark dipped 0.1% for the month. Detached is down 8.5% from a year ago, the biggest drop of the 3 property types.
- •Homes are taking longer to sell than in April: Detached homes averaged 50 days on market (37 in April 2026), townhomes 37 (32) and condos 44 (42).
Benchmark Prices By Property Type
| Property Type | Benchmark Price | vs. September 2026 | vs. October 2025 |
|---|---|---|---|
| Single-Family Detached | $1,293,800 | -0.5% | -8.5% |
| Townhome | $742,300 | -0.4% | -5.5% |
| Apartment / Condo | $460,800 | -0.2% | -8.1% |
The Benchmark price is the value of a typical home in each category. It filters out the swings you get from individual sales, so it's a cleaner read on direction than an average or median.
What This Means If You're Buying
The board's own read is that detached homes are "within reach for more buyers" after the price correction, and the numbers back that up. A detached home is $120,300 cheaper on the Benchmark than a year ago. Selection is a little thinner than last fall, with active listings down 9.5%, but at an 11% sales-to-active ratio the market still favours you.
The catch is borrowing costs. The board's CEO pointed out that interest rates have recently moved higher, so a lower price doesn't automatically mean a lower monthly payment. Get your pre-approval refreshed before you start writing offers, and run the payment at today's rate, not the one you were quoted in the spring.
If you're shopping for a condo, you're in the softest segment of the market. Sales are down 20.1% on last year and the Benchmark is down 8.1%, so take your time and negotiate.
What This Means If You're Selling
Price to this month's sales, not last year's. Detached, townhome and condo Benchmarks are all lower than October 2025, and buyers will have those comparables in front of them.
If you own a detached home, you're in the one segment where sales are rising. That's a better position than townhome and condo sellers are in, but at 50 days on market you still need the price right from day one.
If you're selling a townhome or condo and you don't need to move before spring, it's worth an honest conversation about timing. Fewer new listings over the winter can mean less competition, but sales usually slow at the same time.
Is the Fraser Valley still a buyer's market in October 2026? Yes. The FVREB sales-to-active ratio for October 2026 was 11%, just under the 12% to 20% range the board treats as balanced.
What is the Benchmark price for a Fraser Valley detached home in October 2026? $1,293,800 in October 2026, according to FVREB. That's down 0.5% from September 2026 and 8.5% from October 2025.
How many homes sold in the Fraser Valley in October 2026? 1,051 homes sold in October 2026, according to FVREB, up 14% from September 2026 and down 6.4% from October 2025.
How long does it take to sell a home in the Fraser Valley right now? According to FVREB's October 2026 data, detached homes averaged 50 days on market, townhomes 37 days and condos 44 days.
Are Fraser Valley home prices going up or down? Down. The FVREB composite Benchmark was $860,000 in October 2026, 0.1% below September 2026 and 6.4% below October 2025.
Frequently Asked Questions
Is the Fraser Valley still a buyer's market in October 2026?
Yes. The FVREB sales-to-active ratio for October 2026 was 11%, just under the 12% to 20% range the board treats as balanced.
What is the Benchmark price for a Fraser Valley detached home in October 2026?
$1,293,800 in October 2026, according to FVREB. That's down 0.5% from September 2026 and 8.5% from October 2025.
How many homes sold in the Fraser Valley in October 2026?
1,051 homes sold in October 2026, according to FVREB, up 14% from September 2026 and down 6.4% from October 2025.
How long does it take to sell a home in the Fraser Valley right now?
According to FVREB's October 2026 data, detached homes averaged 50 days on market, townhomes 37 days and condos 44 days.
Are Fraser Valley home prices going up or down?
Down. The FVREB composite Benchmark was $860,000 in October 2026, 0.1% below September 2026 and 6.4% below October 2025.
Alex Dunbar Personal Real Estate Corporation
REAL Broker BC Ltd. | Living in the Lower Mainland
Buying, selling or investing in the Lower Mainland? Whether you're new to the area or a longtime local, I'll help you make the right move. Book a 30-minute no-pressure call with me and we'll figure out what works best for you.
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Source: Fraser Valley Real Estate Board, October 2026 Statistics Package, released November 3, 2026. Sub-market insights from SnapStats®. Prices are MLS Home Price Index benchmarks. Commission rates are negotiable, please contact a REALTOR® for a quote on your specific situation.
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