Fraser Valley in September: More Choice, Softer Prices — and Buyers Still Waiting
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September’s Fraser Valley numbers are out, and the message rhymes with Metro Vancouver’s: buyers have the upper hand, but most are still sitting on the sidelines.
The headline figures (FVREB September 2026): 922 homes changed hands — down 2% from August and 4% from last September. The composite benchmark price slipped 1% on the month and is now 7% below last year. With a 9% sales-to-active-listings ratio, the Valley remains firmly in buyer’s market territory.
The split by property type: detached homes benchmark at $1.3 million, down 8.8% year-over-year — now $460,000 below the March 2022 peak. Townhomes sit at $745,300 (down 6.2%), while apartments saw the steepest annual drop at 9.3%, benchmarking $461,800.
Inventory is the story: 2,818 new listings hit the market in September — up 19% from August as sellers returned after summer — though still 18% below last year. Total active listings held at 9,763, essentially flat from August but 31% above the 10-year seasonal average. Buyers have rarely had this much to choose from.
If you’re buying: this is the most buyer-friendly Fraser Valley market in years — softening prices, abundant choice, and time to decide. But “buyer’s market” doesn’t mean everything is a deal: well-priced homes in strong neighbourhoods still move.
If you’re selling: pricing ahead of the market is working against you. With buyers cautious and spoiled for choice, a sharp, realistic list price is what gets attention — stale listings just sit.
What I’m watching next: whether October’s typical fall activity finally pulls sidelined buyers back in, and whether the detached segment — already $460K off peak — finds its floor first.
Thinking about a move in the Valley this fall? Get in touch for a no-pressure read on what your home — or your target neighbourhood — is actually doing right now: info@jeffreyqian.com | (778) 238-2014.
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