The Fraser Valley real estate market continued to show signs of renewed spring activity in April 2026, with sales increasing both month-over-month and year-over-year for the first time in more than a year. While this points to improving market confidence, overall conditions still remained firmly in buyers’ favour due to elevated inventory and continued affordability pressures.
April reflected a cautiously stronger market environment. More buyers appeared to be stepping back into the market as selection improved and prices showed slight stability. However, economic uncertainty and broader market headwinds continued to influence decision-making, keeping the pace of activity measured rather than aggressive.
Sales, New Listings & Inventory
In April, the Fraser Valley Real Estate Board recorded 1,118 home sales on its MLS®, representing an 11% increase compared to March and a 7% increase compared to April 2025.
New listings also continued to rise as more sellers entered the spring market. The Board recorded 3,549 new listings, up 6% from March, though still 6% lower than April 2025.
Active listings reached 9,816 homes available for sale, a 7% increase from March. Inventory remained elevated and stood 45% above the 10-year seasonal average, giving buyers more options and stronger negotiating power.
The overall sales-to-active listings ratio remained at 11%, keeping the Fraser Valley in buyer’s market territory. A balanced market is typically between 12% and 20%, which means supply continued to outweigh demand across the region.
MLS® HPI Benchmark Price Activity
Home prices in the Fraser Valley showed mild stabilization in April, with the composite benchmark price rising for the second month in a row.
The composite benchmark price for all property types increased 0.1% month-over-month to $899,200.
Major housing categories performed as follows:
Detached Homes: $1,374,800 Down 0.1% month-over-month and down 8.8% year-over-year
Townhomes: $771,600 Down 0.1% month-over-month and down 7.4% year-over-year
Apartments/Condos: $491,000 Up 0.4% month-over-month but down 8.3% year-over-year
While year-over-year prices remained lower across all major property types, the small monthly movements suggest the market may be moving toward a more stable pricing environment as spring activity builds.
Average Days on Market
Homes continued to take several weeks to sell in April, although selling timelines showed steady buyer engagement across most property types.
Detached Homes: 37 days on average
Townhomes: 32 days on average
Apartments/Condos: 42 days on average
Townhomes moved the fastest in April, while condos took slightly longer to sell. Overall, these timelines show that buyers are active, but they are still taking time to compare options and negotiate.
Regional Highlights
Across Fraser Valley communities, benchmark prices showed mixed month-to-month movement, while most areas continued to record year-over-year declines.
Abbotsford: Detached benchmark price reached approximately $1,186,600, showing a slight monthly decline but holding more steady compared with some other markets.
Mission: Detached benchmark price was approximately $929,500, remaining one of the more affordable detached markets in the Fraser Valley despite a monthly decrease.
City of Surrey combined: Detached benchmark price reached approximately $1,461,000, down slightly from March and lower year-over-year.
Langley: Detached benchmark price increased to approximately $1,526,200, showing modest monthly improvement.
South Surrey / White Rock: Detached benchmark price rose to approximately $1,740,600, keeping it among the highest-priced areas in the region.
North Delta: Detached benchmark price stood at approximately $1,239,800, showing a monthly decline and a notable year-over-year decrease.
Market Outlook
According to FVREB Chair Ishaq Ismail, market activity is improving as the spring season progresses, but conditions remain clearly in favour of buyers. Healthy inventory levels and improved affordability are giving buyers more leverage, although confidence is still being affected by economic uncertainty and market headwinds.
FVREB CEO Baldev Gill noted that current conditions are creating a more favourable buying environment than seen in recent years. With prices lower than last year and selection remaining strong, buyers may have opportunities to make well-timed decisions with the support of a REALTOR®.
As 2026 Progresses
For buyers:
Elevated inventory continues to create strong selection and negotiation opportunities. Buyers who are financially prepared may benefit from entering the market while competition remains below stronger seasonal norms.
For sellers:
Pricing strategy is still critical. With buyers having more choice, sellers need realistic expectations, strong marketing, and competitive pricing to attract serious interest.
