05/05/2026
For the first time in over a year, we’re seeing a meaningful shift in the Fraser Valley housing market. Sales activity is on the rise, with 1,118 homes sold in April—up 11% from March and 7% higher than last year. This is one of the clearest signals yet that buyer activity is starting to return as we move deeper into the spring market.
At the same time, inventory remains elevated, with nearly 10,000 active listings—about 45% above the 10-year seasonal average. This is keeping conditions firmly in buyer’s market territory, with a sales-to-active listings ratio of 11%. In simple terms, buyers still have choice, time, and negotiating power—something we haven’t seen in several years.
On the pricing side, we’re starting to see early signs of stabilization. The benchmark price increased slightly for the second straight month, now sitting at $899,200. While detached homes and townhomes saw minor month-over-month dips, condo prices edged up, and overall pricing appears to be leveling off after a period of decline. It’s worth noting that prices are still down year-over-year, but the rate of decline has slowed considerably.
What’s important to understand is that sales activity typically leads price movement. As more buyers step back into the market and inventory gets absorbed, this can gradually put upward pressure on prices. While it’s nearly impossible to time the exact bottom, markets tend to shift quietly before prices visibly increase—and by then, competition often follows.
The opportunity right now comes down to timing your decision based on value, not headlines. With stable pricing, increased inventory, and borrowing conditions still relatively favourable, this window may offer buyers a chance to act before momentum fully returns.
If you’d like help interpreting what this means for your situation—or understanding where the best opportunities are—I’m always happy to connect.
