Sales to active listings remain lower than the range usually associated with balanced conditions
The Fraser Valley housing market remained firmly in buyers’ territory in April even as sales and prices nudged higher, new figures from the Fraser Valley Real Estate Board (FVREB) show.
The region’s overall sales-to-active listings ratio came in at 11% last month, below the 12%–20% range typically associated with balanced conditions. That dynamic reflects a market still tilted toward purchasers despite a recent pick-up in activity.
“Market activity is picking up as we move through the spring, but overall conditions remain firmly in buyers’ favour,” said FVREB chair Ishaq Ismail. “With inventory at healthy levels and housing affordability improving, buyers continue to have the advantage, although confidence remains tempered by ongoing economic uncertainty and persistent market headwinds.”
April marked the first year-over-year increase in Fraser Valley home sales in more than a year. The board recorded 1,118 transactions on its Multiple Listing Service® (MLS®), up 11% from March and 7% compared with the same month in 2025.
Supply remained elevated. Active listings rose 7% month over month to 9,816, a level the board said was 45% above the 10-year seasonal average. New listings increased 6% from March to 3,549, still above typical seasonal levels even if down from April last year.
“Current conditions are creating a more favourable buying environment than we’ve seen in recent years,” said Baldev Gill, the board’s CEO.
Homes took just over a month to change hands on average. Single-family detached properties sold in a typical 37 days, townhomes in 32 days and condominiums in 42 days.
Pricing showed tentative signs of stabilizing. The composite MLS® Home Price Index (HPI) benchmark for a typical Fraser Valley home inched up 0.1% in April from the previous month, reaching $899,200 and marking a second consecutive monthly increase.
Detached homes posted a benchmark price of $1,374,800, down 0.1% from March and 8.8% lower than a year earlier. The benchmark townhome price also slipped 0.1% on a monthly basis, to $771,600, and 7.4% annually. Apartments and condos saw a 0.4% month-over-month gain to $491,000, although that remained 8.3% below April 2025.
The FVREB represents around 5,000 real estate professionals across Surrey, Langley, Abbotsford, Mission, White Rock and North Delta.
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