FRASER VALLEY REAL ESTATE BOARD · MLS® REPORT April 2026 Statistics
Rising Sales & Price Stability Hint at Spring Recovery
A comprehensive look at the Fraser Valley housing market data for April 2026 — what buyers and sellers need to know right now.
At a Glance
- 1,118 Total Sales — ↑ 7% year-over-year
- $899,200 Benchmark Price — ↑ 0.1% month-over-month
- 9,816 Active Listings — 45% above the 10-year seasonal average
- 11% Sales-to-Active Ratio — Buyer's Market
Market Overview: For the First Time in Over a Year, Sales Rose Year-Over-Year
After a prolonged stretch of subdued activity, the Fraser Valley housing market posted its first year-over-year sales increase in more than 12 months. The Fraser Valley Real Estate Board recorded 1,118 sales on MLS® in April 2026 — up 11% from March and 7% above the same month last year. It's a meaningful signal that buyers are gradually returning to the table as spring takes hold.
New listings also climbed, with sellers adding 3,549 properties to the market — a 6% increase from March. While that figure remains above seasonal norms, it was lower than April 2025, suggesting the inventory surge that defined the past year may be softening at the edges.
"Market activity is picking up as we move through the spring, but overall conditions remain firmly in buyers' favour. With inventory at healthy levels and housing affordability improving, buyers continue to have the advantage." — Ishaq Ismail, Chair, Fraser Valley Real Estate Board
April 2026 Benchmark Prices by Property Type
For the second consecutive month, the composite benchmark price edged upward — a tentative sign that the correction cycle may be stabilizing.
Single-Family Detached — $1,374,800 ↓ 8.8% year-over-year | −0.1% vs. March 2026
Townhome — $771,600 ↓ 7.4% year-over-year | −0.1% vs. March 2026
Apartment / Condo — $491,000 ↓ 8.3% year-over-year | +0.4% vs. March 2026
How Long Are Homes Taking to Sell?
Patience remains a theme in the current market. Properties are taking longer to sell compared to the frenzied pace of 2021–2022, giving buyers time to deliberate and negotiate.
- Single-Family Detached: 37 days on average
- Townhome: 32 days on average
- Apartment / Condo: 42 days on average
Community Spotlight: Detached Home Prices Across the Fraser Valley
Every neighbourhood tells a slightly different story. South Surrey & White Rock remains the most premium market, while Mission and Abbotsford offer relatively more accessible entry points.
| Community | Benchmark (Apr '26) | vs. Mar '26 | vs. Apr '25 |
|---|---|---|---|
| South Surrey/ White Rock | $1,740,600 | +1.3% | −8.2% |
| Langley | $1,526,200 | +0.9% | −7.7% |
| Surrey (City) | $1,461,000 | −0.2% | −9.8% |
| Cloverdale | $1,382,000 | −0.6% | −8.7% |
| Central Surrey | $1,373,800 | +0.2% | −10.3% |
| North Delta | $1,239,800 | −1.0% | −11.8% |
| Abbotsford | $1,186,600 | −0.2% | −4.5% |
| Mission | $929,500 | −2.7% | −11.2% |
Still a Buyer's Market — But the Gap Is Narrowing
With a sales-to-active listings ratio of 11%, the Fraser Valley remains technically in buyer's market territory — a balanced market requires a ratio between 12% and 20%. However, the slow uptick in monthly sales activity and the second consecutive month of benchmark price gains suggest the pendulum may be beginning its gradual swing toward equilibrium.
Overall inventory stands at 9,816 active listings — 45% above the 10-year seasonal average — which continues to give buyers meaningful choice and negotiating leverage. But the year-over-year decline in new listings (down 5.7% versus April 2025) hints at sellers pulling back slightly, which could gradually tighten supply if demand continues to firm up.
"Current conditions are creating a more favourable buying environment than we've seen in recent years. Buyers would be well-advised to consult with a REALTOR® to time their purchases to maximize the benefits of lower home prices while taking advantage of current borrowing costs." — Baldev Gill, CEO, Fraser Valley Real Estate Board
What This Means for Buyers
Current conditions offer a rare window: lower prices relative to last year, elevated inventory, and improving affordability. Buyers who have been sitting on the sidelines due to uncertainty may find that acting now — before sentiment shifts — puts them in an advantageous position. That said, economic headwinds and rate sensitivity remain real factors worth discussing with your REALTOR®.
What This Means for Sellers
Pricing strategy is critical right now. Well-priced, well-presented homes are moving — but overpriced listings are sitting. The average days on market signal that buyers are not in a rush, which means first impressions and accurate pricing matter more than ever. A thoughtful, market-informed approach will maximize your outcome in the current environment.
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