Home Prices Begin to Stabilize as Spring Market Builds

The Fraser Valley real estate market in March 2026 is showing early signs of stabilization, with home prices increasing month over month for the first time in nearly a year.

While sales activity improved compared to February, the broader Fraser Valley housing market remains below typical seasonal levels, reflecting ongoing caution among buyers across Surrey, South Surrey, White Rock, Langley, and the surrounding areas.

March 2026 Fraser Valley Market Highlights

1,007 sales, up 20 percent from February
3,341 new listings, up 20 percent
9,201 active listings
11 percent sales to active listings ratio, indicating a buyer’s market
Benchmark price: $898,300, up 0.3 percent

Although sales increased month over month, activity remains 3 percent below March 2025 and 42 percent below the 10 year average.

Fraser Valley Home Prices March 2026

The most notable shift this month is pricing.

The benchmark home price increased 0.3 percent, marking the first monthly increase in 11 months.

Benchmark Prices by Property Type

Detached Homes
$1,375,600
Up 0.3 percent month over month
Down 8.7 percent year over year

Townhomes
$772,700
Up 0.3 percent month over month
Down 7.3 percent year over year

Condos
$489,200
Up 0.2 percent month over month
Down 9.2 percent year over year

Inventory and Buyer’s Market Conditions

Inventory remains elevated at 9,201 active listings, which is 10 percent higher than February and 50 percent above the 10 year seasonal average.

The market continues to favour buyers with an 11 percent sales to active listings ratio.

Days on Market

Detached homes are taking an average of 39 days to sell
Townhomes are taking an average of 36 days
Condos are taking an average of 43 days

Homes are still taking time to sell, giving buyers more opportunity to evaluate options and negotiate.

What This Means for Buyers

Buyers in the Fraser Valley still have a strong position in today’s market.

There is higher inventory, more negotiating power, and improved affordability compared to previous years.

However, with prices beginning to stabilize, this opportunity window may not last indefinitely.

What This Means for Sellers

Sellers entering the spring market need to be strategic.

Homes that are properly priced and well prepared are selling.

Listings that are overpriced or not positioned correctly are taking longer to move.

Market Outlook

The March data suggests a shift from declining prices toward stabilization.

Buyer confidence remains cautious but is starting to improve.

As we move further into the spring 2026 market, increased activity is likely if confidence continues to build.

Watch the March 2026 Fraser Valley Market Update

For a full breakdown of the numbers and what they mean for buyers and sellers, watch the video below.

Thinking of Buying or Selling in the Fraser Valley?

If you're planning to buy or sell in Surrey, South Surrey, White Rock, Langley, or anywhere in the Fraser Valley, understanding the market is key.

If you're looking for a local expert to get ahead in the Fraser Valley real estate market, feel free to reach out. I’m here to help.