FRASER VALLEY REAL ESTATE: APRIL 2026 MARKET UPDATE

Sales rise year-over-year for the first time in over a year -- here is what the numbers mean for buyers and sellers in South Surrey, White Rock, and the Fraser Valley.

Spring has arrived in the Fraser Valley real estate market -- and for the first time in more than a year, sales are tracking above where they were at this time last year. That is a meaningful shift, even if conditions overall remain firmly in buyers' favour.

Here is what the Fraser Valley Real Estate Board reported for April 2026, and more importantly, what it means for you.

The Numbers at a Glance

The FVREB recorded 1,118 sales on the MLS in April. That is up 11 per cent from March and seven per cent above April 2025 -- the first year-over-year increase in sales in more than 12 months.

New listings came in at 3,549, up six per cent from March. Sellers are entering the market as expected for spring, though the number is lower than this time last year.

Active inventory sits at 9,816 listings -- up seven per cent from March and 45 per cent above the 10-year seasonal average. There is a lot of supply out there relative to historical norms.

Total Sales: 1,118 -- up 11% vs. March, up 7% vs. April 2025 New Listings: 3,549 -- up 6% vs. March Active Listings: 9,816 -- up 7% vs. March, up 45% vs. 10-year average Sales-to-Active Ratio: 11% -- buyer's market (balanced = 12-20%) Detached Days on Market: 37 days Townhome Days on Market: 32 days Condo Days on Market: 42 days

Benchmark Prices: April 2026

The composite benchmark price for a typical Fraser Valley home edged up 0.1 per cent in April to $899,200. That is the second consecutive month of modest price gains -- though prices remain well below where they were a year ago.

Single Family Detached: $1,374,800 -- down 0.1% vs. March, down 8.8% vs. April 2025 Townhome: $771,600 -- down 0.1% vs. March, down 7.4% vs. April 2025 Apartment/Condo: $491,000 -- up 0.4% vs. March, down 8.3% vs. April 2025 Composite: $899,200 -- up 0.1% vs. March

What This Means for Buyers

Here is the reality. This is one of the better buying environments the Fraser Valley has seen in several years. Prices are down eight to nine per cent compared to a year ago across most property types. Inventory is high, giving you real choice. And the sales-to-active ratio of 11 per cent means supply is outpacing demand -- which keeps negotiating power firmly on the buyer's side.

The challenge with that is, this kind of environment does not last indefinitely. When sales start climbing -- and April's numbers suggest that momentum is building -- inventory tends to tighten and prices follow. If you have been sitting on the sidelines waiting for the right time, the data right now is telling you something.

Let's break this down simply: lower prices than last year, more selection than average, and borrowing costs that have come down from their peak. That is a combination worth paying attention to.

What This Means for Sellers

Sellers need to go into this market with clear eyes. More inventory means more competition. Homes are taking 32 to 42 days to sell depending on the property type, and pricing strategy matters more than ever.

Here is what that means for you as a seller: if your home is priced right and shows well, it will sell. But buyers have options, and they know it. Overpricing in this market does not lead to negotiation -- it leads to sitting.

The good news is that the market is moving. Sales are up month-over-month and year-over-year, which signals that motivated, qualified buyers are out there. The sellers who are succeeding right now are the ones who price accurately from day one and present their homes well.

A Local Perspective: South Surrey, White Rock, and the Fraser Valley

These board-wide numbers tell the broader story, but every neighbourhood has its own rhythm. In South Surrey and White Rock, we are seeing similar dynamics -- healthy inventory, buyers with leverage, and properties that are priced well moving at a reasonable pace.

If you are curious how these numbers apply specifically to your street, your building, or the area you are looking to buy into, that is exactly the conversation I am here for. The board numbers are the starting point -- the local data is where the real insight is.

The Bottom Line

April's numbers show a market that is starting to find its footing after a long stretch of uncertainty. Sales are rising, prices are stabilizing, and buyers have a real window right now. Sellers who are prepared and realistic are still getting deals done.

If you are looking for a local real estate expert in South Surrey, White Rock, or the Fraser Valley to help you get ahead in the market, feel free to reach out. I am here to help.