Fraser Valley Real Estate Board Reports April 2026 Market Activity with Year-Over-Year Sales Increase

Fraser Valley Real Estate Board — April 2026

In April 2026, the Fraser Valley Real Estate Board recorded 1,118 home sales, marking an 11% increase from March and a 7% rise compared to the same month last year. The composite benchmark price for homes stands at $1,374,800, reflecting a slight decrease of 0.1% year-over-year.

Market Analysis

The Fraser Valley housing market shows signs of renewed activity as the spring season progresses. With 3,549 new listings in April, this represents a 6% increase from March, although it remains below levels seen in April 2025. Active listings have reached 9,816, up 7% from the previous month and 45% above the 10-year seasonal average, indicating a robust supply that continues to favor buyers. The sales-to-active listings ratio stands at 11%, confirming the buyer's market status, as a balanced market typically falls between 12% and 20%.

Property Type Analysis

While specific benchmark prices for property types are not available this month, the overall market dynamics suggest that all categories—detached homes, townhouses, and apartments—are experiencing similar trends. The average days on market for single-family detached homes is 37 days, while townhomes and condos average 32 and 42 days, respectively, indicating a relatively stable demand across property types despite the prevailing buyer's market conditions.

Regional Highlights

Regionally, the Fraser Valley continues to see elevated inventory levels, which are significantly higher than the historical averages. This trend is likely contributing to the overall decline in prices, as buyers have more options available. The market's current state reflects ongoing economic uncertainties, which may temper buyer confidence even as affordability improves with lower home prices.

For Buyers

Potential buyers are encouraged to take advantage of the current market conditions, which offer a favorable environment for negotiating prices. With inventory levels high and borrowing costs remaining manageable, buyers should consider consulting with a REALTOR® to strategically time their purchases and maximize their investment.

For Sellers

Sellers should remain aware of the competitive landscape and the current buyer's market dynamics. With active listings significantly above average, pricing homes competitively and presenting them well will be crucial to attracting buyers. Engaging with a knowledgeable REALTOR® can help sellers navigate these conditions effectively.