Fraser Valley Real Estate Market Update – March 2026

The Fraser Valley housing market is beginning to show early signs of spring activity, but overall conditions remain balanced as buyer caution continues to shape the market.

According to the latest data from the Fraser Valley Real Estate Board (FVREB), March 2026 saw an increase in both sales and listings, while prices showed their first signs of stabilizing after months of declines.

Here’s a breakdown of what’s happening in the Fraser Valley real estate market right now.

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Sales Activity Picks Up Slightly

March brought a modest increase in sales compared to February, signaling the start of the spring market.

However, it’s important to note:

• Sales are still below typical seasonal averages
• Buyer activity remains cautious, not aggressive

This tells us the market is improving—but not surging.

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Inventory Is Rising Heading Into Spring

One of the biggest trends in March is the increase in new listings, as more sellers prepare for the spring market.

• More homes are hitting the market
• Inventory remains elevated compared to historical norms
• Buyers continue to have plenty of choice

High inventory levels continue to limit price growth and keep competition low.

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Prices Show First Signs of Stabilizing

After nearly a year of softening prices, March showed a shift:

• Benchmark prices edged up slightly
• This marks the first upward movement in months
• Indicates potential early signs of market stabilization

This doesn’t mean prices are rising quickly—it simply suggests the market may be finding a floor.

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Market Conditions: Balanced but Still Buyer-Friendly

While conditions are improving, the Fraser Valley is still leaning toward a buyer-friendly market.

Previously, the region sat firmly in buyer’s market territory with low sales-to-active listing ratios.

Now, we’re seeing:

• A shift toward a more balanced market
• Buyers still holding negotiating power
• Sellers needing to remain competitive on price and presentation

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What This Means for Buyers

If you’re looking to buy in areas like Surrey, Langley, Cloverdale, or Abbotsford:

• You still have options and leverage
• Less competition compared to peak years
• Opportunity to negotiate price and terms

But as we move deeper into spring, competition could slowly increase.

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What This Means for Sellers

For sellers, the strategy is clear in today’s market:

• Price your home correctly from day one
• Make sure your property is well presented and marketed
• Be prepared for a more patient sales process

Homes that are priced right are still selling—just without the frenzy.

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Outlook for Spring 2026

March confirms what many are already seeing:

👉 The Fraser Valley market is stabilizing—but slowly

Looking ahead:

• Sales may continue to gradually increase
• Inventory will likely stay elevated
• Prices are expected to remain relatively stable in the short term

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Final Thoughts

The Fraser Valley real estate market is transitioning.

Not a hot seller’s market.
Not a declining market.

👉 A steady, balanced market with opportunities—especially for buyers.