Fraser Valley Real Estate Market Update – March 2026

The Fraser Valley real estate market showed a small but important shift in March 2026. After nearly a year of declining prices, we’re now seeing early signs of stabilization — but buyers are still cautious, and inventory remains high.

If you’re a homeowner or thinking about selling, this is a market where strategy matters more than ever.

📊 Quick Market Snapshot (March 2026)

• Sales: 1,007 homes sold (+20% from February, but still down year-over-year)

• New Listings: 3,341 homes (+20% month-over-month)

• Active Listings: 9,201 homes (well above normal levels)

• Benchmark Price: $898,300 (+0.3% month-over-month)

• Sales-to-Active Ratio: 11% (buyer’s market territory)

👉 Bottom line: This is still a buyer’s market, but prices may be starting to level off.

🏡 What This Means for Buyers & Sellers

For Buyers:

• More inventory = more choice and negotiating power

• Prices are down year-over-year across all property types

• Some opportunities exist, especially in condos

For Sellers:

• You are competing with a lot of listings

• Pricing correctly is critical — “close” isn’t good enough in this market

• Homes that are priced right are still selling, but many are sitting

📍 Neighborhood Snapshots

Here’s a simple breakdown of what’s happening across key Fraser Valley areas:

Langley

• Detached Benchmark: $1,513,100 (-7.6% YoY)

• Townhomes: $811,500 (-6.3% YoY)

• Condos: $556,900 (-8.4% YoY)

What it means:
Langley is seeing stable pricing month-to-month, but still down year-over-year. Inventory remains elevated, especially for condos. Well-presented and well-priced homes are still moving.

Surrey (Overall)

• Detached Benchmark: $1,463,500 (-10.2% YoY)

• Townhomes: $792,700 (-8.0% YoY)

• Condos: $477,100 (-9.3% YoY)

What it means:
Surrey continues to feel downward pressure from last year, but activity picked up in March. Buyers are active — just selective.

Cloverdale

• Detached: $1,391,000 (-7.9% YoY)

• Townhomes: $778,400 (-7.3% YoY)

• Condos: $549,100 (-6.9% YoY)

What it means:
One of the more stable pockets. Some month-over-month growth showing signs of resilience, especially in detached homes.

White Rock / South Surrey

• Detached: $1,718,500 (-9.2% YoY)

• Townhomes: $868,400 (-8.4% YoY)

• Condos: $571,000 (-8.6% YoY)

What it means:
Higher-end markets are still adjusting. Inventory is elevated, but demand is improving slightly heading into spring.

Abbotsford

• Detached: $1,188,800 (-5.0% YoY)

• Townhomes: $624,500 (-5.7% YoY)

• Condos: $395,900 (-10.4% YoY)

What it means:
More affordable compared to other areas. Strong sales activity in March, especially for condos.

Mission

• Detached: $955,200 (-9.0% YoY)

• Townhomes: $650,000 (-2.0% YoY)

• Condos: $427,000 (-6.5% YoY)

What it means:
Lower price point markets are still active, but inconsistent. Sales can be volatile month-to-month.

North Delta

• Detached: $1,252,700 (-10.2% YoY)

• Townhomes: $892,800 (-6.1% YoY)

• Condos: $506,100 (-8.4% YoY)

What it means:
Prices remain under pressure, but detached homes saw decent sales activity in March.

📉 Price Trends (Big Picture)

Across the Fraser Valley:

• Detached homes: down ~8.7% year-over-year

• Townhomes: down ~7.3%

• Condos: down ~9.2%

At the same time, prices increased slightly month-over-month, which is the first sign of stabilization in nearly a year.

🧠 Final Thoughts

March gave us something we haven’t seen in a while:
👉 A small price increase.

But this is still not a hot market.

• Inventory is high

• Buyers are cautious

• Only the best-priced homes are selling

If you’re thinking about selling this year, strategy matters more than timing.

📞 Want to Know Your Home Value?

Every neighborhood — even every street — is behaving differently right now.

If you want a clear number based on what’s actually selling (not just what’s listed), reach out and I’ll break it down for you.