The Fraser Valley housing market continued to gain traction in April, with sales activity building on March’s momentum as the spring market moves into full swing. Year-over-year sales were up for the first time since December 2024 and Benchmark prices held steady, but the market remains firmly in buyer’s territory.
The Fraser Valley Real Estate Board recorded 1,118 sales on its MLS® in April, an 11 per cent increase over March. While activity improved month-over-month, sales remain 29 per cent below typical seasonal levels, reflecting ongoing caution among buyers despite more favourable conditions.
New listings rose six per cent in April to 3,549, as more sellers continue to enter the spring market, despite stiff competition. The increase in supply is consistent with seasonal patterns, though listing volumes remain more measured, down six per cent from April 2025.
Active inventory rose again in April to 9,816, up seven per cent from March, building on already elevated levels. With a growing number of homes available across the region, buyers continue to benefit from increased selection and time to make decisions, while sellers face sustained competition.
The overall sales-to-active listings ratio remained below the balanced market threshold, keeping the Fraser Valley in buyer’s-market territory, at 11 per cent. A balanced market is between 12 and 20 per cent.
Sales-to-Active Listings Ratio
Detached: 12%
Townhouses: 17%
Apartments: 13%
Benchmark Prices
Benchmark prices held relatively steady in April, following March’s first month-over-month increase in nearly a year, suggesting the market may be finding a more stable footing after a prolonged period of declines. The composite Benchmark price increased 0.1 per cent month-over-month to $899,200.
Change in price: month-to-month
- Detached: $1,374,800 (-0.1% month-over-month, –8.8% year-over-year)
- Townhomes: $771,600 (-0.1% month-over-month, –7.4% year-over-year)
- Apartments: $491,000 (+0.4% month-over-month, –8.3% year-over-year)
Days on Market
Homes are continuing to sell at a steady, but unhurried pace. In April, detached homes took an average of 37 days to sell, while townhomes averaged 32 days on the market. Condos took, on average, 42 days to sell— reinforcing a market where buyers are taking their time and weighing their options carefully.
To learn more about HPI Benchmark prices by sub-area, click here. For a more detailed look at the Fraser Valley market click here to view the Monthly Statistics Package.