For the first time in over a year, home sales in the Fraser Valley are up year-over-year, with April sales climbing 7% compared to last year and 11% higher than March. Inventory remains strong, giving buyers more choice and negotiating power, while benchmark home prices edged up for the second straight month to $899,200.

Key highlights:

✔️ 1,118 homes sold in April

✔️ Nearly 10,000 active listings across the Fraser Valley

✔️ Buyers continue to benefit from balanced pricing and improved affordability

✔️ Detached homes averaged 37 days on market

While economic uncertainty continues to influence confidence, the current market presents meaningful opportunities for buyers looking to enter the market or make a move.

Whether you’re buying, selling, or simply watching the market, local expertise matters more than ever.

Here are the Highlights from the FVREB: 

• Sales Up: February saw a 13% increase in home sales from January, though still 26% below last year. 

• More Inventory: Active listings remain 45% higher than Feb 2024, giving buyers more choices. 

• Buyer’s Market: The sales-to-active listings ratio at 11% favours buyers. 

• Prices Softening: The benchmark price dipped 0.2% overall, with townhomes & condos seeing the biggest declines. 

• Homes Selling Faster: Average days on market dropped across all property types compared to January. 

  With more options, time, and negotiating power, buyers are taking charge!

  Read the full Fraser Valley Real Estate Boards Market update here. Contact me if you’re interested in how the market is doing in your specific neighbourhood.