Rising sales and price gains signal stability in Fraser Valley housing market: FVREB

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Overall inventory remains higher than normal in the Fraser Valley, with 9,816 active listings, up seven per cent from March, and 45 per cent above the 10-year seasonal average.

Rising real estate sales

Rising sales and price gains signal stability in Fraser Valley housing market: FVREB

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The Fraser Valley remains in a buyer’s market, with an overall sales-to-active listings ratio of 11 per cent in April. A balanced market is typically defined by a ratio between 12 and 20 per cent.

“Current conditions are creating a more favourable buying environment than we’ve seen in recent years,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “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.”

Across the Fraser Valley in April, the average number of days to sell a single-family detached home was 37 days, while for a townhome it was 32 days. Condos took, on average, 42 days to sell.

The benchmark price for a single-family detached home in the Fraser Valley Real Estate Board’s service area, encompassing White Rock to Abbotsford, was $1,374,800, a drop of 8.8 per cent compared to April 2025. The benchmark for an FVREB townhouse is $771,600, a dip of 7.4 per cent versus April 2025, and the benchmark price for an FVREB apartment or condo is $491,000, a drop of 8.3 per cent compared to April 2025.