🏡 Falling prices open the door for Fraser Valley move-up buyers 📉

June 2, 2026

SURREY, BC – A modest increase in Fraser Valley home sales in May suggests buyers remain engaged, albeit cautiously, as economic uncertainty continues to temper the pace of the spring market.

The Fraser Valley Real Estate Board recorded 1,124 sales on its Multiple Listing Service® (MLS®) in May, a 0.5 percent increase from April, but five percent below the same month last year. Single-family homes remained the most active segment of the Fraser Valley market in May, generating more sales than townhouses and apartments.

“We’re seeing limited activity from first-time buyers right now, with much of the market being driven by homeowners looking to move up,” said Ishaq Ismail, Chair of the Fraser Valley Real Estate Board. “As prices in the detached segment have become more attainable, buyers with existing equity are finding opportunities to transition into larger homes and market segments that were out of reach just a few years ago.”

Sellers were less active in May, with new listings falling both month-over-month and year-over-year as some homeowners appear to be waiting for stronger market conditions before listing.   However, the Fraser Valley continues to offer buyers an abundance of choice, with 10,140 active listings on the market in May, keeping inventory well above historical norms.   With a sales-to-active listings ratio of 11 percent in May, the Fraser Valley remains in buyer’s market territory. A balanced market is typically defined by a ratio of 12 to 20 percent.   “Many households are understandably approaching major financial decisions with caution right now,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “Between economic uncertainty, concerns about job security, and the continued pressure of higher everyday costs, confidence has been slow to recover. At the same time, financially prepared buyers are finding some of the most favourable market conditions we’ve seen in some time.”

Across the Fraser Valley in May, the average number of days to sell a single-family detached home was 35 days, and for a townhome, 37 days. Condos took, on average, 40 days to sell.   After two months of gains, the composite Benchmark price for a typical home in the Fraser Valley dipped, down 0.7 percent in May, to $893,300.

MLS® HPI Benchmark Price Activity  
  • Single Family Detached : At $1,366,500 the Benchmark price for an FVREB single-family detached home decreased 0.6 per cent compared to April 2026 and decreased 7.9 per cent compared to May 2025.

  • Townhomes: At $769,500 the Benchmark price for an FVREB townhome decreased 0.3 per cent compared to April 2026 and decreased 7.6 per cent compared to May 2025.

  • Apartments : At $483,800, the Benchmark price for an FVREB apartment/condo decreased 1.5 per cent compared to April 2026 and decreased 8.8 percent compared to May 2025.

Share this article

Recent Posts

By Andy Schildhorn • September 26, 2026
Explore two great homes - One in Clayton Heights and one in Fort Langley, each offering something very different. 📌 Sunday, September 27th 📌 2:00 – 4:00 PM 📌 Details here Visit one or stop by both. We’d love to show you around!!
By Andy Schildhorn • September 25, 2026
By Andy Schildhorn • September 25, 2026
Sales jumped 30% to 225 this week, while new listings increased 10% to 765 . That’s a noticeable improvement in buyer activity, but the continued flow of new listings means buyers still have plenty of choice. Looking at the broader trend, the market remains price-sensitive rather than competitive . The 5.7% gap between original list and sale price is right in the range we’ve seen for much of the year. The fall market is getting busier, but pricing correctly remains key for sellers.
By Andy Schildhorn • September 24, 2026
Canada’s housing market is beginning to recover, but RBC Economics says the turnaround has come too late to prevent home sales and prices from declining this year. 👉 Details here
By Andy Schildhorn • September 20, 2026
Monday, September 21 | Doors open 5:45 pm | Q&A begins 6:30 pm Fort Langley Community Church - 8870 Glover Road, Fort Langley Meet the candidates running for Township Council and Mayor and hear their responses to the issues facing our community.  📌 Details Here
By Andy Schildhorn • September 20, 2026
August finished with 872 sales , down about 7% from July and just 2% below August 2025 . New listings fell to 2,281 , down 10% from July and 16% year-over-year . The key signal is that new supply is falling faster than sales . Buyers remain selective, but with fewer homes coming to market, we’ll be watching to see if that helps tighten conditions as we move into the fall market.
By Andy Schildhorn • September 19, 2026
🐾 I think half of all puppy pictures when I'm looking are AI generated now. I just want real puppies! 😀 Let's go to L APS 🐶🐱
By Andy Schildhorn • September 19, 2026
By Andy Schildhorn • September 18, 2026
Explore two great homes - One in Maple Ridge and one in Fort Langley, each offering something very different. 📌 Sunday, September 20th, from 2–4 PM 📌 Details here Visit one or stop by both. We’d love to show you around!!
By Andy Schildhorn • September 18, 2026
Buying a home in Vancouver got marginally less difficult in July 2026, though the bar remains far beyond the reach of most residents. 👉 Details here
Show More