Fraser Valley home prices level off amid improving affordability
Spring is in the air, and the Fraser Valley real estate market is starting to show early signs of a much-anticipated stabilization. For the first time in 11 months, we’ve seen benchmark prices edge upward, with the composite typical home price rising 0.3% to $898,300. Sales activity also saw a healthy 20% increase over February, totaling 1,007 transactions. While buyers remain cautious, this leveling off of prices combined with improved housing affordability makes right now a timely moment to consider entering the market before potential upward pressure on interest rates or prices builds further momentum.
The current landscape is a “rare window” for buyers, offering the highest selection in years with inventory sitting 50% above the 10-year seasonal average. Opportunities are especially prevalent in the detached market; Langley saw a massive 43% surge in sales month-over-month, while North Delta sales grew by 23%. If you’re looking for a “Best Bet,” Cloverdale and North Delta detached homes are seeing sellers achieve 98% to 100% of their list price, proving that demand is resilient in these family-friendly hubs. Meanwhile, the condo and townhouse segments in South Surrey/White Rock and Langley remain in balanced territory, offering a great mix of choice and value for upgrading or downsizing.
The current landscape is a “rare window” for buyers, offering the highest selection in years with inventory sitting 50% above the 10-year seasonal average. Opportunities are especially prevalent in the detached market; Langley saw a massive 43% surge in sales month-over-month, while North Delta sales grew by 23%. If you’re looking for a “Best Bet,” Cloverdale and North Delta detached homes are seeing sellers achieve 98% to 100% of their list price, proving that demand is resilient in these family-friendly hubs. Meanwhile, the condo and townhouse segments in South Surrey/White Rock and Langley remain in balanced territory, offering a great mix of choice and value for upgrading or downsizing.
Whether you’re a seller eager to get ahead of the spring peak or a buyer looking to capitalize on meaningful incentives and greater choice, the market is finding its footing. In specific hotspots like Fort Langley, Murrayville, and Walnut Grove, sellers of 3-to-4-bedroom homes are in a fantastic position. For buyers, the most active price bands remain the $1M to $1.25M range for detached homes, where we are seeing strong, steady activity. It’s a dynamic time to be in the market, and with the right professional guidance, there are incredible deals to be found. Call us to discuss how you can take advantage of this market.
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If you are considering selling, buying or just have questions about the market, please give us a call today and let’s chat.What Does The Fraser Valley Real Estate Board Have To Say?
SURREY, BC – After nearly a year of steady price declines, the Fraser Valley housing market is beginning to show early signs of stabilizing, with Benchmark prices edging up month-over-month for the first time in 11 months. While March sales activity picked up over the previous month, year-over-year sales throughout the first quarter of 2026 continue to stumble, reflecting a market where buyer caution still lingers.
The Fraser Valley Real Estate Board recorded 1,007 sales on its Multiple Listing Service® (MLS®) in March, a 20 per cent increase from February, but three per cent below the same month last year and 42 per cent below the ten-year seasonal average. After a decline in February, new listings increased in March, up 20 per cent to 3,341, suggesting some sellers are eager to get ahead of the spring market despite sales activity remaining soft and well below typical seasonal levels.
“We’re encouraged to see early signs of prices levelling off in the Fraser Valley,” said Ishaq Ismail, Chair of the Fraser Valley Real Estate Board. “While sales remain below last year’s levels, this market is presenting a rare window — with greater choice, improved affordability, and meaningful incentives, particularly in the condo segment — for buyers who are ready to make a move with the right professional guidance.”
Overall inventory remains elevated in the Fraser Valley, with 9,201 active listings, up 10 per cent from February and 50 per cent above the 10-year seasonal average.
The Fraser Valley remains in a buyer’s market, with an overall sales-to-active listings ratio of 11 per cent in March. A balanced market is typically defined by a ratio between 12 and 20 per cent.
Across the Fraser Valley in March, the average number of days to sell a single-family detached home was 39 days, while for a condo it was 43 days. Townhomes took, on average, 36 days to sell.
“Amid economic uncertainty and rising day-to-day costs, many households are understandably taking a more cautious approach to their finances,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “That said, improving housing affordability and the potential for upward pressure on rates may make this a timely moment for buyers to consider entering the market.”
The composite Benchmark price for a typical home in the Fraser Valley increased 0.3 per cent in March, to $898,300.
MLS® HPI Benchmark Price Activity
• Single Family Detached: At $1,375,600 the Benchmark price for an FVREB single-family detached home increased 0.3 per cent compared to February 2026 and decreased 8.7 per cent compared to March 2025.
• Townhomes: At $772,700 the Benchmark price for an FVREB townhome increased 0.3 per cent compared to February 2026 and decreased 7.3 per cent compared to March 2025.
• Apartments: At $489,200 the Benchmark price for an FVREB apartment/condo increased 0.2 per cent compared to February 2026 and decreased 9.2 per cent compared to March 2025.
Find the March 2026 Statistics Package HERE.
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