Fraser Valley Housing Market Update: April 2026
April 2026 Market Update
Fraser Valley Housing Market Update: April 2026
Rising sales and price gains hint at stability in the Fraser Valley housing market
At A Glance
April 2026 Fraser Valley Snapshot
Where The Market Sits
Sales-to-active listings ratio. Below 12% favours buyers, above 20% favours sellers.
Snapshot Overview
Benchmark prices, monthly & annual movement, and sales activity side by side.
| Detached | Townhome | Condo | |
|---|---|---|---|
| Benchmark Price | $1,374,800 | $771,600 | $491,000 |
| vs. March 2026 | -0.1% | -0.1% | +0.4% |
| vs. April 2025 | -8.8% | -7.4% | -8.3% |
| Sales (Apr) | 393 | 282 | 297 |
| Sales vs. April 2025 | +24.4% | +3.7% | -13.6% |
| Days on Market | 37 days | 32 days | 42 days |
12-Month Price Trend
Fraser Valley aggregate. Click a property type below to switch chart, hover any data point for the exact monthly benchmark price.
Market activity is picking up as we move through the spring, but overall conditions remain firmly in buyers' favour. With inventory at healthy levels & housing affordability improving, buyers continue to have the advantage.
Ishaq Ismail · Chair, Fraser Valley Real Estate Board
Time On Market
How Long Homes Are Taking To Sell
Average days on market across the Fraser Valley for the prior month.
By Area
Fraser Valley Cities & Sub-Areas
Every sub-area in the Fraser Valley report, with MLS Home Price Index benchmarks plus monthly sales & listing volumes. Percentages below each price are vs. April 2025.
| Area | Composite | Detached | Townhome | Condo | Sales | New | Active |
|---|---|---|---|---|---|---|---|
| Abbotsford | $745,600-5.5% | $1,186,600-4.5% | $610,900-7.7% | $400,400-8.2% | 142+10.9% | 440+1.6% | 1,054-2.0% |
| Mission | $827,500-10.7% | $929,500-11.2% | $637,700-3.0% | $430,700-4.1% | 51+30.8% | 111-10.5% | 358-0.3% |
| South Surrey/White Rock | $1,063,900-6.6% | $1,740,600-8.2% | $878,200-8.1% | $588,200-4.8% | 168+1.2% | 525-3.5% | 1,268-4.6% |
| Langley | $970,700-7.0% | $1,526,200-7.7% | $812,000-5.9% | $554,100-8.8% | 238+8.7% | 599-6.6% | 1,236-6.9% |
| North Delta | $1,070,500-10.3% | $1,239,800-11.8% | $879,900-8.0% | $512,700-8.5% | 31+10.7% | 123-8.9% | 323+1.3% |
| Surrey (Combined) | $943,100-8.7% | $1,461,000-9.8% | $794,500-7.8% | $474,100-9.1% | 467-3.9% | 1,124-17.8% | 2,987-12.2% |
| Surrey (Central) | $943,100-8.7% | $1,373,800-10.3% | $768,300-7.9% | $495,900-9.0% | 127-5.2% | 507-15.2% | 1,414-6.0% |
| Surrey (Cloverdale) | $958,900-7.9% | $1,382,000-8.7% | $773,100-8.3% | $538,700-7.7% | 93+17.7% | 210-9.9% | 430-0.2% |
| Surrey (North) | $663,500-8.9% | $1,311,600-11.9% | $703,600-6.9% | $423,100-10.9% | 122-12.2% | 407-24.2% | 1,143-22.2% |
* All percentage changes shown above are vs. April 2025 (Green = increase, Red = decrease)
Where The Deals Are
Best Deals For Buyers & Hot Pockets For Sellers
A quick read on which property types & price points are giving buyers the most room to negotiate, & where sellers are still moving homes for top dollar fast.
Best Deals For Buyers
Areas & property types where buyers have the most negotiating leverage.
Hot Pockets For Sellers
Areas & property types selling for the most & the fastest.
The Fraser Valley housing market is showing its first real signs of stabilizing in over a year. April delivered the first year-over-year sales increase since early 2025, the composite benchmark price ticked up for the second straight month, and condos posted their first meaningful monthly price gain. Inventory is still elevated, so buyers continue to hold the upper hand, but the data is starting to lean less one-sided.
Numbers come straight from the Fraser Valley Real Estate Board's April 2026 Statistics Package, released May 4, 2026. The FVREB area covers Surrey, Langley, Abbotsford, Mission, White Rock & North Delta.
What Changed In April
- •First vs. April 2025 sales gain in over a year: 1,118 sales is 7% above April 2025 & 11% above March. Spring buyers are starting to show up.
- •Prices ticking up, not down: The composite benchmark rose 0.1% month-over-month for the second month in a row. Apartments led the gain at +0.4% vs. March 2026.
- •Inventory still elevated: 9,816 active listings is 45% above the 10-year seasonal average. Buyers continue to have selection.
- •Days on market tightening: Detached homes sold in 37 days on average, townhomes in 32 days, condos in 42 days. Townhomes are the fastest-moving segment.
- •Still firmly a buyer's market: The 11% sales-to-active ratio is just below the 12% threshold that signals a balanced market.
Benchmark Prices By Property Type
| Property Type | Benchmark Price | vs. March 2026 | vs. April 2025 |
|---|---|---|---|
| Single-Family Detached | $1,374,800 | -0.1% | -8.8% |
| Townhome | $771,600 | -0.1% | -7.4% |
| Apartment / Condo | $491,000 | +0.4% | -8.3% |
Benchmark price represents the value of a typical home in each category. It strips out the noise from individual sale prices, so it is a cleaner read on where the market is trending than averages or medians.
What This Means If You Are Buying
- •Negotiating leverage is still real, but shrinking: With the ratio creeping toward balanced & prices nudging up, the deepest discounts of the cycle are likely behind us.
- •Apartments are the segment to watch: A small monthly price gain plus 14% fewer vs. April 2025 sales means inventory is being absorbed quietly. If you are condo shopping, do not assume next month will be cheaper.
- •Get pre-approved & move fast on the right property: Days-on-market under 35 for townhomes means well-priced inventory is moving. Hesitation costs you in this segment.
What This Means If You Are Selling
- •Pricing accuracy beats listing aggressively: Year-over-year prices are still down 7% to 9% across detached & townhomes. Pricing to current comparables, not last year's, is what attracts offers.
- •Presentation & timing both matter: With 9,816 competing listings, photography, staging & a strategic launch date are the difference between selling in 30 days versus sitting at 90.
- •Apartments have a small tailwind: Condo sellers have the cleanest momentum to ride right now, with rising benchmarks & limited new supply.
Frequently Asked Questions
Is the Fraser Valley still a buyer's market in April 2026? Yes. The sales-to-active ratio is 11%, just below the 12% to 20% range that the FVREB defines as balanced. Buyers continue to have selection & negotiating leverage, although the gap to a balanced market is narrowing.
What is the benchmark price for a Fraser Valley detached home in April 2026? $1,374,800. That is down 0.1% from March 2026 & down 8.8% from April 2025.
How many homes sold in the Fraser Valley in April 2026? 1,118 homes, up 11% from March & up 7% from April 2025. This was the first year-over-year sales increase in more than 12 months.
What is the average time to sell a home in the Fraser Valley? April averages: detached 37 days, townhome 32 days, apartment / condo 42 days.
Are Fraser Valley home prices going up or down? Composite benchmark prices rose 0.1% in April, the second consecutive monthly gain, but remain about 8% below April 2025. Apartments showed the strongest monthly performance at +0.4%.
Source: Fraser Valley Real Estate Board, April 2026 Statistics Package, released May 4, 2026. Prices are MLS Home Price Index benchmarks. Commission rates are negotiable, please contact a REALTOR® for a quote on your specific situation.
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