After nearly a year of steady price declines, the Fraser Valley housing market is beginning to show early signs of stabilizing. In March, Benchmark prices posted their first month-over-month increase in 11 months, while sales activity rose 20% from February—an encouraging signal as the spring market gets underway.
That said, the broader picture tells a more measured story. Sales remain 42% below the 10-year seasonal average and slightly below last year’s levels, reflecting continued caution among buyers amid ongoing economic uncertainty.
So, what does this mean for the market as we head further into spring? Are these early signs of a turning point, or simply a pause in a longer-term shift? Watch this month’s Eye on the Market video to find out.