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Fraser Valley Real Estate Market Stats
Monthly housing market numbers for Surrey, Langley, South Surrey and White Rock, Cloverdale, North Delta, Abbotsford and Mission, taken directly from the Fraser Valley Real Estate Board (FVREB). Pick an area and a home type to see the benchmark price, sales, listings and market conditions, then follow the benchmark across the last 13 monthly reports. I update this page each time the board releases a new report.
Stats for: September 2026
Latest market numbers
Benchmark price
$861,300
-1.0% vs last month
Benchmark, 1-year change
-7.2%
vs same month last year
Sales
922
-4.2% vs last year
Active listings
9,763
-0.2% vs last month
Sales-to-active ratio
9.4%
Buyer's market
Days to sell (average)
Detached 45
Townhouse 38 · Apartment 46
Showing Fraser Valley, all home types. New listings: 2,818 (-18.2% vs last year). Inventory is 31% above the 10-year average for this time of year. Ratio guide: under 12% buyer's market, 12% to 20% balanced, over 20% seller's market.
Benchmark trend table (Fraser Valley)
| Type | 12 mo ago | 9 mo ago | 6 mo ago | 3 mo ago | Latest |
|---|---|---|---|---|---|
| All types | $926,300 | $905,900 | $898,300 | $884,800 | $861,300 |
| Detached | $1,420,000 | $1,388,400 | $1,375,600 | $1,350,200 | $1,300,000 |
| Townhouse | $795,600 | $781,300 | $772,700 | $764,100 | $745,300 |
| Apartment | $510,400 | $491,600 | $489,200 | $476,400 | $461,800 |
The Fraser Valley is in a buyer's market. FVREB recorded 922 sales, 4.2% fewer than the same month last year, while 2,818 new listings came on and 9,763 homes were for sale at month end. The composite benchmark for a typical home was $861,300, -1.0% on the month and -7.2% on the year. Detached houses took about 45 days to sell, townhouses 38 and apartments 46.
Benchmark price by home type
| Type | Benchmark | 1 month | 1 year | Sales | Active | Avg. days to sell |
|---|---|---|---|---|---|---|
| Detached | $1,300,000 | -1.5% | -8.8% | 337 | 3,261 | 45 |
| Townhouse | $745,300 | -0.7% | -6.2% | 225 | 1,630 | 38 |
| Apartment | $461,800 | -0.9% | -9.3% | 220 | 2,153 | 46 |
Compare areas
| Area | Composite | 1 year | Detached | Townhouse | Apartment | Sales-to-active |
|---|---|---|---|---|---|---|
| Langley | $941,800 | -6.2% | $1,471,100 | $802,600 | $525,900 | 16.7% |
| Surrey (Central) | $906,200 | -7.0% | $1,304,100 | $749,600 | $460,200 | 8.4% |
| Cloverdale | $921,900 | -5.8% | $1,317,200 | $754,300 | $506,700 | 17.3% |
| South Surrey / White Rock | $990,300 | -7.3% | $1,612,500 | $797,100 | $544,400 | 12.6% |
| North Delta | $1,011,500 | -9.1% | $1,159,600 | $845,600 | $479,000 | 11.4% |
| Abbotsford | $701,900 | -9.0% | $1,087,000 | $592,600 | $370,200 | 10.2% |
| Mission | $797,500 | -11.6% | $889,200 | $618,000 | $411,500 | 10.8% |
Where prices are changing most
Over the past year, the composite benchmark fell the most in Mission (-11.6%) and North Delta (-9.1%), and the least in Cloverdale (-5.8%) and Langley (-6.2%). Small areas such as North Delta and Mission have few townhouse and apartment sales, so one month can move their figures more than in larger areas.
Source: Fraser Valley Real Estate Board statistics package and FVREB market reports. Benchmarks are from the MLS® Home Price Index. Area sales and listings add up detached, townhouse and apartment, and the Fraser Valley totals include all property types.
Market stats by area
Langley
Composite benchmark$941,800-6.2% vs last year
Homes for sale1,148192 sales this month
| Type | Benchmark | 1 year | Sales | Active |
|---|---|---|---|---|
| Detached | $1,471,100 | -6.7% | 64 | 449 |
| Townhouse | $802,600 | -4.4% | 61 | 283 |
| Apartment | $525,900 | -9.2% | 67 | 416 |
FVREB reports Langley as one area, so these figures cover both the City of Langley and the Township, from Willoughby and Walnut Grove out to Aldergrove and the farm roads south of Fraser Highway. Langley held its value better than most of the board area over the past twelve months, and its townhouse sales stayed close to last year's pace. Apartments moved the most on price, so apartment buyers have the most room to negotiate here.
Langley homes for sale · Langley neighbourhood guides · Langley mobile homes
Surrey
Composite benchmark$906,200-7.0% vs last year
Homes for sale1,377116 sales this month
| Type | Benchmark | 1 year | Sales | Active |
|---|---|---|---|---|
| Detached | $1,304,100 | -9.0% | 56 | 698 |
| Townhouse | $749,600 | -3.9% | 47 | 442 |
| Apartment | $460,200 | -11.5% | 13 | 237 |
FVREB splits Surrey into four areas: North Surrey, Central Surrey, Cloverdale and South Surrey. The figures here are for Central Surrey, which runs from Fleetwood and Newton across to Panorama Ridge. North Surrey, around Whalley, Guildford and City Centre, has the most apartments for sale of any area on the board. Detached sales in Central Surrey rose against last year even as prices fell, a sign that buyers step in when prices adjust.
Surrey homes for sale · Surrey neighbourhood guides · Surrey mobile homes
Cloverdale
Composite benchmark$921,900-5.8% vs last year
Homes for sale39969 sales this month
| Type | Benchmark | 1 year | Sales | Active |
|---|---|---|---|---|
| Detached | $1,317,200 | -6.9% | 32 | 201 |
| Townhouse | $754,300 | -5.6% | 28 | 138 |
| Apartment | $506,700 | -8.9% | 9 | 60 |
Cloverdale is part of the City of Surrey, but FVREB tracks it on its own, covering the historic town centre, Clayton Heights and the farmland toward the Langley border. Townhouses make up a large share of its sales. Its benchmark sits just above Central Surrey's, and it had the smallest yearly price drop of any area.
Surrey homes for sale · Cloverdale neighbourhood guides · Cloverdale and nearby mobile homes
South Surrey / White Rock
Composite benchmark$990,300-7.3% vs last year
Homes for sale1,193150 sales this month
| Type | Benchmark | 1 year | Sales | Active |
|---|---|---|---|---|
| Detached | $1,612,500 | -7.4% | 60 | 600 |
| Townhouse | $797,100 | -11.2% | 47 | 283 |
| Apartment | $544,400 | -7.7% | 43 | 310 |
This area takes in the City of White Rock plus South Surrey, from Crescent Beach and Ocean Park to Morgan Creek, Grandview Heights and Sunnyside. It has the highest detached benchmark on the board. Detached and townhouse sales both jumped against the same month last year. Townhouse prices took the biggest yearly drop of any area, which gives townhouse buyers more room to negotiate.
South Surrey homes for sale · White Rock guide · South Surrey mobile homes
North Delta
Composite benchmark$1,011,500-9.1% vs last year
Homes for sale28032 sales this month
| Type | Benchmark | 1 year | Sales | Active |
|---|---|---|---|---|
| Detached | $1,159,600 | -11.0% | 24 | 209 |
| Townhouse | $845,600 | -4.7% | 5 | 26 |
| Apartment | $479,000 | -11.6% | 3 | 45 |
North Delta is the only part of Delta that FVREB covers. Ladner and Tsawwassen report to the Greater Vancouver board, so they aren't in these numbers. The market here is mostly detached houses on established streets near Scott Road and Nordel Way, and townhouse and apartment sales are thin. With so few of those sales, one or two deals can swing the monthly figures.
North Delta homes for sale · Delta neighbourhood guides · Fraser Valley mobile home parks
Abbotsford
Composite benchmark$701,900-9.0% vs last year
Homes for sale1,012103 sales this month
| Type | Benchmark | 1 year | Sales | Active |
|---|---|---|---|---|
| Detached | $1,087,000 | -11.1% | 45 | 440 |
| Townhouse | $592,600 | -8.6% | 27 | 254 |
| Apartment | $370,200 | -11.0% | 31 | 318 |
Abbotsford has the lowest townhouse and apartment benchmarks on the board, which makes it a common first stop for buyers coming from Surrey or Langley. Detached prices fell more than 11% over the year and sales were down across all three types. New townhouse listings rose against last year, so supply is building in that segment.
Abbotsford homes for sale · Abbotsford neighbourhood guides · Abbotsford mobile homes
Mission
Composite benchmark$797,500-11.6% vs last year
Homes for sale35338 sales this month
| Type | Benchmark | 1 year | Sales | Active |
|---|---|---|---|---|
| Detached | $889,200 | -13.3% | 28 | 231 |
| Townhouse | $618,000 | -4.1% | 5 | 67 |
| Apartment | $411,500 | -4.7% | 5 | 55 |
Mission has the lowest detached benchmark on the board, and its detached price took the largest yearly drop of any area. Most sales here are detached homes, many with bigger lots than you'll find closer to the border. Townhouse and apartment listings rose sharply, and with only a handful of sales, those buyers have plenty to pick from.
Mission homes for sale · Mission neighbourhood guides · Mission mobile homes
How to read these numbers
Benchmark price versus average price. The benchmark is the price of a typical home in an area, based on the MLS® Home Price Index. The average price is just the total of all sales divided by the number of sales, so a few big sales on acreage or waterfront can push it up in a single month. To track price trends, watch the benchmark. The average tells you more about the mix of homes that sold that month.
Sales-to-active listings ratio. Divide the month's sales by the number of homes for sale. FVREB treats 12% to 20% as balanced. Below 12% is a buyer's market, and above 20% means sellers have the upper hand. The dashboard works this out for each area and home type you pick.
Sale-to-list price. This compares the final sale price with the asking price. FVREB doesn't publish it in its monthly report, but I can pull it for your street or complex. In a buyer's market, a home priced right at the start usually gets closer to its asking price than one that has to come down later.
Days on market. This is the average number of days from listing to sale. FVREB publishes it for the whole board by home type, not for each area, which is why the dashboard shows the Fraser Valley figure everywhere. Rising days on market point to a softer market, and falling days point to a firmer one.
Benchmark trend chart. Each point is the benchmark from one FVREB monthly report, oldest on the left and latest on the right. A steady slope tells you more than any single month does.
Fraser Valley market FAQs
Are Fraser Valley home prices going down?
Yes, prices are lower than a year ago. By the FVREB benchmark, the composite price for a typical Fraser Valley home was $861,300, a change of -7.2% from the same month last year and -1.0% from the month before. The trend chart on this page shows the benchmark from each of the last 13 monthly reports for every area and home type.
Is the Fraser Valley a buyer's or seller's market right now?
FVREB compares monthly sales with the number of homes for sale, called the sales-to-active listings ratio, and treats 12% to 20% as balanced. With 922 sales and 9,763 active listings, the ratio is 9.4%, which is a buyer's market. Areas and home types can differ, so use the selectors above to check yours.
Which areas does the Fraser Valley Real Estate Board cover?
FVREB covers North Delta, North Surrey, Central Surrey, Cloverdale, South Surrey and White Rock, Langley, Abbotsford and Mission. Ladner, Tsawwassen, Maple Ridge and Pitt Meadows report to the Greater Vancouver board, and Chilliwack has its own board, so those areas aren't on this page.
What is the MLS® benchmark price?
The benchmark comes from the MLS® Home Price Index. It is the estimated price of a typical home in an area, built from the features of homes that usually sell there. Unlike an average, it isn't pulled around by a few very large or very small sales, so it's the better number for tracking price trends.
How long does it take to sell a home in the Fraser Valley?
FVREB reports average days on market by property type for the whole board. In the latest report, a detached home took about 45 days to sell, a townhouse about 38 days and an apartment about 46 days. Homes priced in line with recent comparable sales tend to sell faster, and overpriced homes tend to sit longer.
Do these numbers tell me what my home is worth?
No. They show the market trend for a whole area, but your home's value depends on its street, lot, condition, updates and the sales that are most like it. For a number on your own home, I can do a free home evaluation using recent sales near you.
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Want the numbers for your home?
Area stats are a starting point. If you're thinking of selling, I'll put together a free, no-pressure home evaluation using the sales that actually match your home. If you're buying, get in touch and I'll send you the numbers for the neighbourhoods and home types you're watching. Call or text me at 604-928-1361.
Jared Gibbons – South Surrey Realtor
South Surrey Realtor | Homes for Sale, Condos & MLS Listings
Office Address:
#201, 15272 Croydon Drive
Surrey, BC, V3Z 0Z5
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.