Falling prices open the door for Fraser Valley move-up buyers
As we head into June, the Fraser Valley housing market is showing a steady pace that highlights some of the most favorable purchasing conditions we have seen in recent years. The Fraser Valley Real Estate Board recorded 1,124 sales in May, maintaining a highly resilient market baseline. Overall inventory continues to expand, giving buyers an abundance of choice well above historical norms. This environment remains a prime landscape for move-up buyers. With pricing pulling back slightly, existing homeowners are using their equity to seamlessly transition into larger homes and detached segments that were out of reach just a few years ago.
Langley is leading the charge in activity, solidifying its place as a cornerstone of growth in the valley. Single-family detached homes in Langley saw a significant month-over-month sales growth of nearly 14%. Sellers in Walnut Grove are experiencing standout performance with a soaring 41% sales ratio for detached properties. Meanwhile, the attached segment in Langley continues to trend as a swift-moving Seller’s Market at a 21% sales ratio, with townhomes and condos moving on an average of just 24 days. For buyers looking to time the market, Langley is currently packed with strategic entry points.
As we cruise into the summer months, buyers who are financially prepared have an incredible edge to lock in favorable pricing. Working with local market insight is more crucial than ever to help you capture these phenomenal spring-thaw opportunities. Reach out and we would be happy to take you out for coffee and look at how to take advantage of the current market conditions for your situation.
See Listed Properties For Sale in Langley BC
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 – A modest increase in Fraser Valley home sales in May suggests buyers remain engaged, albeit cautiously as economic uncertainty continues to temper the pace of the spring market.
The Fraser Valley Real Estate Board recorded 1,124 sales on its Multiple Listing Service® (MLS®) in May, a 0.5 per cent increase from April, but five per cent below the same month last year. Single-family homes remained the most active segment of the Fraser Valley market in May, generating more sales than townhouses and apartments.
“We’re seeing limited activity from first-time buyers right now, with much of the market being driven by homeowners looking to move up,” said Ishaq Ismail, Chair of the Fraser Valley Real Estate Board. “As prices in the detached segment have become more attainable, buyers with existing equity are finding opportunities to transition into larger homes and market segments that were out of reach just a few years ago.”
Sellers were less active in May, with new listings falling both month-over-month and year-over-year as some homeowners appear to be waiting for stronger market conditions before listing.
However, the Fraser Valley continues to offer buyers an abundance of choice, with 10,140 active listings on the market in May, keeping inventory well above historical norms.
With a sales-to-active listings ratio of 11 per cent in May, the Fraser Valley remains in buyer’s market territory. A balanced market is typically defined by a ratio between 12 and 20 per cent.
“Many households are understandably approaching major financial decisions with caution right now,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “Between economic uncertainty, concerns about job security, and the continued pressure of higher everyday costs, confidence has been slow to recover. At the same time, buyers who are financially prepared are finding some of the most favourable market conditions we’ve seen in some time.”
Across the Fraser Valley in May, the average number of days to sell a single-family detached home was 35 days, while for a townhome, it was 37 days. Condos took, on average, 40 days to sell.
After two months of gains, the composite Benchmark price for a typical home in the Fraser Valley dipped, down 0.7 per cent in May, to $893,300.
MLS® HPI Benchmark Price Activity
• Single Family Detached: At $1,366,500 the Benchmark price for an FVREB single-family detached home decreased 0.6 per cent compared to April 2026 and decreased 7.9 per cent compared to May 2025.
• Townhomes: At $769,500 the Benchmark price for an FVREB townhome decreased 0.3 per cent compared to April 2026 and decreased 7.6 per cent compared to May 2025.
• Apartments: At $483,800 the Benchmark price for an FVREB apartment/condo decreased 1.5 per cent compared to April 2026 and decreased 8.8 per cent compared to May 2025.
Find the May 2026 Statistics Package HERE.
Whether you’re buying, selling, or simply seeking to feel more at home, we’re here to help you every step of the way.
