Fraser Valley Market Update
April 2026 · Released May 4, 2026
Fraser Valley Real Estate
April 2026
For the first time in more than a year, Fraser Valley sales posted a year-over-year gain — 1,118 sales in April 2026, up 7% from April 2025 and 11% from March. Active inventory sits at 9,816 listings, 45% above the 10-year seasonal average, which keeps the overall sales-to-active ratio at 11% — still buyer's-market territory. The composite benchmark price ticked up 0.1% for the second month in a row to $899,200, an early hint of stabilization.
Composite Benchmark $899,200
YoY −7.5%
Sales-to-Active Ratio 11.0%
Overview
Understanding the Fraser Valley real estate market
This page tracks the Fraser Valley real estate market month-by-month using official statistics from the Fraser Valley Real Estate Board. We pull the latest MLS® Home Price Index (HPI) benchmark prices, sales volumes, and inventory levels every month and translate what they mean for buyers and sellers in Fraser Valley.
At 11.0%, Fraser Valley's sales-to-active ratio sits below the 12% threshold that historically signals a buyer's market. Properties tend to take longer to sell and sellers should expect some negotiation on price. The MLS® HPI benchmark price represents a typical property in the area — it strips out the noise from one-off luxury sales or unusual transactions, giving you a cleaner read on where prices actually sit.
Market Activity · April 2026
Fraser Valley sales, listings & inventory
Total Sales
1,118
+7.2% vs. April 2025
New Listings
3,549
−5.7% vs. April 2025
Total Active Listings
9,816
−2.3% vs. April 2025
+45% vs. 10-year seasonal average
Sales-to-Active Ratio
Overall
11.0%
Detached
12.0%
Townhouse
16.8%
Apartment
13.1%
Buyer's market territory
Historically, ratios below 12% signal downward pressure on prices; ratios above 20% signal upward pressure. Between 12–20% is considered balanced.
Composite Benchmark Price
$899,200
−7.5% YoY
+0.1% MoM
Composite MLS® HPI benchmark across all Fraser Valley residential property types — detached, townhouse, and apartment combined.
Benchmark Prices by Property Type
HPI benchmark prices — Fraser Valley
| Property Type | Benchmark | Year-over-Year | Month-over-Month |
|---|---|---|---|
| Detached | $1,374,800 | −8.8% | −0.1% |
| Townhouse | $771,600 | −7.4% | −0.1% |
| Apartment | $491,000 | −8.3% | +0.4% |
Sales by Property Type
Fraser Valley sales — April 2026
| Property Type | April 2026 | April 2025 | YoY Change |
|---|---|---|---|
| Detached | 395 | 316 | +25.0% |
| Townhouse | 282 | 272 | +3.7% |
| Apartment | 297 | 344 | −13.7% |
Source: Fraser Valley Real Estate Board (GVR) Listing & Sales Activity Summary, April 2026, released May 4, 2026. MLS® Home Price Index benchmark prices represent a typical property within each market and strip out the influence of outlier sales. All figures deemed reliable but not guaranteed. Data subject to revision.
Frequently Asked
Fraser Valley real estate — your questions answered
Is Fraser Valley a buyer's market or seller's market right now?
At 11.0%, Fraser Valley's sales-to-active ratio sits below the 12% threshold that historically signals a buyer's market. Properties tend to take longer to sell and sellers should expect some negotiation on price.
The sales-to-active listings ratio is the single best leading indicator of price momentum. Below 12% historically precedes price softening; above 20% historically precedes price appreciation. Fraser Valley's current overall ratio is 11.0%, with detached at 12.0%, townhouses at 16.8%, and apartments at 13.1%.
What is the typical home price in Fraser Valley?
As of April 2026, the MLS® Home Price Index benchmark prices for Fraser Valley are:
• Detached: $1,374,800 (−8.8% year-over-year)
• Townhouse: $771,600 (−7.4% year-over-year)
• Apartment / Condo: $491,000 (−8.3% year-over-year)
Composite benchmark across all property types is $899,200, down 7.5% from April 2025. Note: actual sale prices vary widely by neighbourhood, condition, lot, and timing — these benchmarks represent a typical property only.
How does Fraser Valley compare to the rest of the region?
Fraser Valley is one of the markets tracked within all areas covered by the Fraser Valley Real Estate Board (Surrey, Langley, Abbotsford, Mission, White Rock and North Delta). The price trajectory in Fraser Valley has broadly followed the regional pattern over the past year, though specific property types and price points often move at different speeds. Detached homes in particular have shown different momentum than the multi-family segment across the region in April 2026.
What is the MLS® Home Price Index (HPI)?
The MLS® Home Price Index is a quality-adjusted measure of home prices developed by the Canadian Real Estate Association. Unlike a simple average or median sale price, the HPI adjusts for changes in the mix of homes sold each month — so a benchmark price reflects what a "typical" home in the area would sell for, not whatever happened to trade hands that month.
The benchmark price is the dollar figure (e.g. $1,374,800 for detached). The HPI index is the underlying number used to track percentage changes over time, with January 2005 set to 100.
How often is this Fraser Valley market update refreshed?
Monthly. The Fraser Valley Real Estate Board releases stats packages on the first business week of the following month — for example, April 2026 data was released on May 4, 2026. We update this page shortly after each release so the numbers here always reflect the most recent official data.
What's the difference between month-over-month and year-over-year changes?
Month-over-month (MoM) compares the current month to the previous month — for example, April 2026 vs. March 2026. It shows short-term momentum but can be noisy due to seasonality.
Year-over-year (YoY) compares the current month to the same month one year ago — for example, April 2026 vs. April 2025. It strips out seasonality and shows the bigger trend.
For real estate, year-over-year is usually the more meaningful number for understanding price direction, while month-over-month is useful for catching turning points.
Where can I get a personalized Fraser Valley home valuation?
Benchmark prices on this page describe a typical home in Fraser Valley, but your specific property — its location, lot, condition, layout, and finishes — can value at meaningfully more or less. For a no-pressure, evidence-based opinion of value on your specific Fraser Valley property, contact the Value-First Home Team for a free market evaluation.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.