04/03/2026
Is the Fraser Valley real estate market finally finding its feet? After 11 months of prices dropping, March 2026 brought the first small increase in home prices across the region.
Here is a plain-English breakdown of what is happening right now:
1. Prices are stabilizing. 📈 The overall benchmark price for a home in the Fraser Valley is now $898,300, a tiny 0.3% bump from February. This is a big deal because it’s the first time prices haven't gone down in nearly a year, suggesting the market might finally be hitting a "floor."
2. It is still a "Buyer’s Market." Even though more people started buying in March (sales were up 20% from the month before), there are still over 9,200 homes for sale. This is 50% more inventory than we usually see this time of year, which means buyers have plenty of choices and a lot of power to negotiate.
3. Location and home type make a huge difference. The market is very "split" right now. For example:
Langley houses and Cloverdale townhomes are getting quite busy and are moving toward being a "seller's market". Surrey houses and Mission townhomes are still much slower, giving buyers even more leverage there.
4. Buyers are being careful. Many people are still taking a "wait-and-see" approach because of high living costs and general economic uncertainty. Because of this, pricing is everything, homes that are priced right are selling in as little as 12 to 15 days, while others are sitting on the market for much longer.
The Bottom Line: If you are buying, this is a "rare window" with more homes to choose from and better affordability than we have seen in years.
If you are selling, your strategy needs to be sharp because you are competing with a lot of other listings.
Curious about what’s happening in your specific area? Every neighborhood is behaving a little differently right now! Reach out if you want a custom update for your area.
