Metro Vancouver's housing market shows sluggish sales, declining prices, and elevated inventory, with August sales down 4.6% from last year and prices falling 5.6% to $1,081,900. Inventory remains 26.2% above the 10-year average, giving buyers more options. Fraser Valley mirrors this trend, with sales down 14% from July but slightly up year-over-year, prices down 7%, and a strong buyer's market due to high listings and slower sales.