Fraser Valley Real Estate Market Update – February 2026

The Fraser Valley housing market showed modest signs of activity in February 2026, but conditions continue to favour buyers as inventory remains high and prices soften slightly. The latest data from the Fraser Valley Real Estate Board (FVREB) shows that while sales improved compared to January, overall activity is still below historical averages.

Here’s a breakdown of the February 2026 Fraser Valley real estate market statistics.

Home Sales Increase from January

In February 2026, the Fraser Valley recorded 843 home sales, representing a 36.2% increase from January. However, sales were still 8.4% lower than February 2025, showing that buyer demand remains relatively cautious compared to last year.

While the increase from January is a positive sign heading into the spring market, overall sales levels remain well below the 10-year seasonal average.

New Listings Decline Slightly

The number of homes hitting the market declined in February.

• New listings: 2,796

• Change from January: −9.2%

• Change from February 2025: −10.4%

Some homeowners appear to be holding off on listing until later in the spring, especially with inventory already elevated and competition among sellers remaining strong.

Inventory Remains Elevated

Buyers continue to benefit from a large selection of available homes in the Fraser Valley.

• Active listings: 8,344

• Increase from January: +8.2%

• 51% above the 10-year seasonal average

This elevated supply is one of the main reasons the market continues to favour buyers.

Benchmark Home Prices Edge Lower

Prices across the Fraser Valley dipped slightly again in February.

• Overall benchmark price: $895,100

• Monthly change: −0.2%

Benchmark prices by property type:

• Detached homes: $1,370,900 (−0.2% month-over-month, −8.6% year-over-year)

• Townhomes: $770,700 (−0.3% month-over-month, −7.1% year-over-year)

• Apartments/Condos: $488,300 (−0.1% month-over-month, −8.9% year-over-year)

Although prices have softened, the month-to-month changes remain relatively small, suggesting the market is stabilizing rather than experiencing sharp declines.

Fraser Valley Remains a Buyer’s Market

The sales-to-active listings ratio in February sat at 10%, which firmly places the Fraser Valley in buyer’s market territory. A balanced market typically falls between 12% and 20%.

This means buyers currently have:

• More inventory to choose from

• More time to make decisions

• Greater negotiating power

Homes Are Taking Less Time to Sell

The average number of days to sell improved slightly in February:

• Detached homes: 47 days

• Townhomes: 39 days

• Condos: 45 days

This suggests that while the market is slower overall, well-priced homes are still attracting buyers.

What This Means for Buyers and Sellers

For Buyers:
With inventory levels high and prices slightly softer, buyers currently have some of the best negotiating conditions seen in recent years.

For Sellers:
Pricing strategy and marketing remain crucial. Homes that are priced competitively and presented well are still selling, even in a slower market.

Looking Ahead to Spring 2026

While February showed an improvement in sales compared to January, many households remain cautious due to economic uncertainty. As the spring market approaches, the Fraser Valley could see increased activity if buyer confidence improves and interest rate expectations stabilize.

For now, the market remains steady, inventory-rich, and favourable for buyers across communities like Surrey, Langley, Cloverdale, Abbotsford, and Mission.