Fraser Valley Real Estate Market Update – March 2026 | Langley Realtor Alex Maldeis

By Alex Maldeis PREC*

The Fraser Valley market showed early signs of stabilization in March, with benchmark prices increasing slightly month-over-month for the first time in nearly a year.

While sales improved from February, overall activity remains below historical norms, and inventory is still elevated. Here’s what that means for you.

Market Snapshot – March 2026

1,007 total sales
19.5% from February
2.8% below March 2025
42% below the 10-year seasonal average

3,341 new listings
19.5% from February
12.1% down year-over-year

9,201 active listings
10.3% from February
50% above the 10-year seasonal average

Sales-to-active listings ratio: 11%
Balanced market = 12–20%
We are currently in a buyer’s market

Benchmark Prices (Fraser Valley)

Composite benchmark price: $898,300
0.3% from February
7.7% year-over-year

By Property Type:

Detached Homes
$1,375,600
0.3% month-over-month
8.7% year-over-year

Townhomes
$772,700
0.3% month-over-month
7.3% year-over-year

Condos
$489,200
0.2% month-over-month
9.2% year-over-year

Prices have stabilized slightly month-to-month, but remain softer compared to last year.

Days on Market

Detached: 39 days
Townhomes: 36 days
Condos: 43 days

Properties are still taking longer to sell compared to peak market conditions, giving buyers more negotiation leverage.

What’s Happening in Langley?

Langley remains active but still tilted toward buyers:

Detached Benchmark: $1,513,100 (7.6% YoY)
Townhome Benchmark: $811,500 (6.3% YoY)
Condo Benchmark: $556,900 (8.4% YoY)

Inventory remains elevated, particularly in the condo segment, and buyers are being selective.

For well-priced homes that show well, there is still activity, but pricing strategy is critical.

What This Means

For Buyers:

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

More inventory
Soft pricing
Less competition
More time to make decisions

If you are financially ready, this may be an opportunity before typical spring activity builds.

For Sellers:

The market will reward:

Accurate pricing
Strong presentation
Professional marketing

Overpricing in this environment will lead to extended days on market and eventual price reductions.

The right strategy matters more than ever.

My Take

March was a step in the right direction, with improved activity and early signs of price stabilization.

That said, sales remain well below seasonal norms, and buyers are still cautious.

The Fraser Valley is not in a crash. It is in a more balanced, price-sensitive phase with elevated inventory.

For now, buyers 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
Top 1% FVREB Realtor
RE/MAX
604-789-5200
Alex@alexmaldeis.ca