After nearly a year of consistent price declines, the Fraser Valley housing market is starting to show early hints of stabilization, with Benchmark prices posting their first month-over-month increase in 11 months. While sales activity strengthened in March compared to February, year-over-year figures for the first quarter of 2026 remain subdued, underscoring ongoing caution among buyers.
The Fraser Valley Real Estate Board recorded 1,007 sales on its MLS® in March — a 20 per cent increase over February. However, sales were down three per cent year-over-year and 42 per cent below the 10-year seasonal average, pointing to continued caution among buyers despite the seasonal uptick in activity.
As the spring market gets underway, new listings rose 20 per cent in March to 3,341. Despite the monthly gain, listings were still 12 per cent lower than March last year, suggesting that while sellers are entering the market, they are doing so more selectively than in previous spring cycles.
Active inventory increased to 9,201 listings, up 10 per cent from February and 50 per cent above the 10-year seasonal average. The growing supply is giving buyers more choice, while maintaining competitive pressure on sellers to price and position their homes effectively.
“We’re encouraged to see early signs of prices levelling off in the Fraser Valley,” said Ishaq Ismail, Chair of the Fraser Valley Real Estate Board. “While sales remain below last year’s levels, this market is presenting a rare window — with greater choice, improved housing affordability, and meaningful incentives, particularly in the condo segment — for buyers who are ready to make a move with the right professional guidance.”
The overall sales-to-active listings ratio increased to 11 per cent in March, up slightly from February but still below the balanced market range of 12 to 20 per cent. This keeps the Fraser Valley in buyer’s-market territory, even as sales activity improves.
Sales-to-Active Listings Ratio
Detached: 11%
Townhouses: 17%
Apartments: 13%
Benchmark Prices
Price adjustments edged up in March for the first time in 11 months. The composite Benchmark price increased 0.3 per cent month-over-month to $898,300.
Change in price: month-to-month
- Detached: $1,375,600 (+0.3% month-over-month, –8.7% year-over-year)
- Townhomes: $772,700 (+0.3% month-over-month, –7.3% year-over-year)
- Apartments: $489,200 (+0.2% month-over-month, –9.2% year-over-year)
Days on Market
Homes are continuing to sell at a steady, but unhurried pace. In March, detached homes took an average of 39 days to sell, while townhomes averaged 36 days and condos 43 days — 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.