The Fraser Valley real estate market shows some signs of an early bloom with increased sales in February. Sales increased over January, but continue to be slower than typical levels for this time of year. The Fraser Valley Real Estate Board recorded 843 sales on the Multiple Listing Service® (MLS®) in February. This was a 36 per cent increase from January, yet at the same time it was 38% below the 10-year seasonal average.

The number of new listings declined 9% in February to 2,796. This suggests that some sellers are choosing to wait given the high inventory levels and may be waiting for a market rebound during the busier spring market. “Buyer-friendly conditions continue to define the Fraser Valley market,” said Tore Jacobsen, Chair of the Fraser Valley Real Estate Board. “While we did see a welcome bump in sales over January, they remain well below seasonal averages. With ample inventory and soft prices, this window may prove to be a key buying opportunity, particularly as prices settle. As we move closer to spring, we’re hopeful that improved economic stability will encourage more buyers to re-enter the market.”

Overall inventory remains above normal with 8,344 active listings. This is up 8% from January and 51% above the 10-year average. The Fraser Valley remains a buyer’s market, with an overall sales-to-active listings ratio of 10%. A balanced market is typically defined by a ratio between 12% – 20%. Across the Fraser Valley in February, the average number of days to sell a single-family detached home was 47 days, while for a condo it was 45 days. Townhomes took, on average, 39 days to sell.

The composite Benchmark price for a typical home in the Fraser Valley decreased 0.2 per cent in February, to $895,100.

  • Single Family Detached: At $1,370,900 the Benchmark price for a single-family detached home decreased 0.2% compared to January 2026 and decreased 8.6% compared to February 2025.
  • Townhomes: At $770,700 the Benchmark price for a townhome decreased 0.3% compared to January 2026 and decreased 7.1% compared to February 2025.
  • Apartments: At $488,300 the Benchmark price for an apartment/condo decreased 0.1% compared to January 2026 and decreased 8.9% compared to February 2025.

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