In March 2023, the Fraser Valley real estate market experienced a second consecutive month of sales growth, with transactions rising by 72.6% from February, although still 39.9% lower than the previous year. New listings increased by 32% compared to February, yet remained 44.1% down year-over-year, maintaining low inventory levels that continue to drive prices up. The overall benchmark price rose by approximately 2% month-over-month to $965,100, highlighting ongoing demand amidst supply challenges.