Fraser Valley Real Estate Market Update: April 2026 - Langley Realtor Alex Maldeis

By Alex Maldeis PREC*

The Fraser Valley market continued to show signs of stabilization in April, with sales increasing both month-over-month and year-over-year for the first time in more than a year.

While activity is improving, inventory remains elevated and the overall market is still tilted in favour of buyers. Here’s what that means for you.

Market Snapshot: April 2026

1,118 total sales
Up 11% from March
Up 7.2% from April 2025

3,549 new listings
Up 6.2% from March
Down 5.7% year-over-year

9,816 active listings
Up 6.7% from March
45% above the 10-year seasonal average

Sales-to-active listings ratio: 11%
Balanced market = 12% to 20%
The Fraser Valley is currently in a buyer’s market.

Benchmark Prices: Fraser Valley

Composite benchmark price: $899,200
Up 0.1% from March
Down 7.5% year-over-year

By Property Type

Detached Homes
$1,374,800
Down 0.1% month-over-month
Down 8.8% year-over-year

Townhomes
$771,600
Down 0.1% month-over-month
Down 7.4% year-over-year

Condos
$491,000
Up 0.4% month-over-month
Down 8.3% year-over-year

Prices have now increased slightly on the composite benchmark for the second month in a row, but values remain noticeably lower compared to this time last year.

Days on Market

Detached: 37 days
Townhomes: 32 days
Condos: 42 days

Homes are still taking longer to sell than they would in a strong seller’s market, which gives buyers more time and more room to negotiate.

What’s Happening in Langley?

Langley remains one of the more active areas in the Fraser Valley, but conditions are still price-sensitive.

Detached Benchmark: $1,526,200
Up 0.9% from March
Down 7.7% year-over-year

Townhome Benchmark: $812,000
Up 0.1% from March
Down 5.9% year-over-year

Condo Benchmark: $554,100
Down 0.5% from March
Down 8.8% year-over-year

Langley detached sales increased 17.9% year-over-year, while condo sales were up 13.2% compared to April 2025. Townhome sales were down slightly year-over-year, but remained stable month-over-month.

Inventory is still elevated, especially in the condo segment, and buyers continue to be selective.

For well-priced homes that show well, there is still activity. But sellers need to be realistic with pricing from day one.

What This Means for Buyers

This continues to be one of the better negotiating environments we’ve seen in recent years.

Buyers currently have:

More inventory
Less competition
Softer pricing compared to last year
More time to make decisions
More opportunity to negotiate

If you are financially ready, this may be a good window to explore the market before confidence improves further.

What This Means for Sellers

The market will reward sellers who focus on:

Accurate pricing
Strong presentation
Professional marketing
Clear positioning against competing listings

Overpricing in this environment can lead to longer days on market and eventual price reductions.

The right strategy matters more than ever.

My Take

April was another step toward stability in the Fraser Valley market.

Sales improved from March and were also higher than April of last year, which is a positive sign. At the same time, inventory remains elevated and the sales-to-active listings ratio is still in buyer’s market territory.

The Fraser Valley is not in a crash. It is in a more price-sensitive market where buyers have options and sellers need to be strategic.

For now, buyers still have leverage.

Strategic decisions win in this market.

If you’d like a breakdown specific to your neighbourhood in Langley, Surrey, White Rock, or anywhere in the Fraser Valley, reach out directly.

Alex Maldeis PREC*
Top 1% FVREB Realtor
RE/MAX
604-789-5200
Alex@alexmaldeis.ca