Rising sales and price gains signal stability in Fraser Valley housing market: FVREB

FRASER VALLEY – For the first time in over 12 months, the Fraser Valley real estate market recorded a surprising year-over-year increase, as home sales rose month over month amid signs of renewed activity.

The Fraser Valley Real Estate Board says it recorded 1,118 home sales on its Multiple Listing Service in April, an 11 per cent uptick from March and a stellar seven per cent hike from a year ago.

The board says sellers continued to enter the spring market, with new listings rising six per cent from March to 3,549 — still above seasonal norms, but lower than this time last year.

“Market activity is picking up as we move through the spring, but overall conditions remain firmly in buyers’ favour,” said Ishaq Ismail, chair of the Fraser Valley Real Estate Board. “With inventory at healthy levels and housing affordability improving, buyers continue to have the advantage, although confidence remains tempered by ongoing economic uncertainty and persistent market headwinds.”

Overall inventory remains higher than normal in the Fraser Valley, with 9,816 active listings, up seven per cent from March, and 45 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 April. A balanced market is typically defined by a ratio between 12 and 20 per cent.

“Current conditions are creating a more favourable buying environment than we’ve seen in recent years,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “Buyers would be well-advised to consult with a realtor to time their purchases to maximize the benefits of lower home prices while taking advantage of current borrowing costs.”

Across the Fraser Valley in April, the average number of days to sell a single-family detached home was 37 days, while for a townhome it was 32 days. Condos took, on average, 42 days to sell.

The benchmark price for a single-family detached home in the Fraser Valley Real Estate Board’s service area, encompassing White Rock to Abbotsford, was $1,374,800, a drop of 8.8 per cent compared to April 2025. The benchmark for an FVREB townhouse is $771,600, a dip of 7.4 per cent versus April 2025, and the benchmark price for an FVREB apartment or condo is $491,000, a drop of 8.3 per cent compared to April 2025.