Fraser Valley Real Estate Market Shows Early Signs of Spring Thaw in February
The Fraser Valley real estate market displayed preliminary indications of a seasonal awakening in February, with sales activity increasing compared to January. However, this uptick remains significantly below historical norms for this period, according to the latest data from the Fraser Valley Real Estate Board.
February Sales Data Reveals Mixed Market Signals
The Fraser Valley Real Estate Board documented 843 sales through its Multiple Listing Service® (MLS®) in February, representing a substantial 36 percent increase from January's figures. Despite this monthly improvement, sales volume remained 38 percent below the ten-year seasonal average, indicating continued market softness.
New listings declined by nine percent in February to 2,796 properties, suggesting that some sellers are opting to wait for potentially more favorable conditions during the peak spring market. This strategic positioning reflects the competitive inventory landscape currently characterizing the region.
Buyer-Friendly Conditions Define Current Market Landscape
"Buyer-friendly conditions continue to define the Fraser Valley market," emphasized 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 levels remain elevated above seasonal norms, with 8,344 active listings recorded in February. This represents an eight percent increase from January and a striking 51 percent above the ten-year seasonal average.
Market Metrics Point to Sustained Buyer Advantage
The Fraser Valley maintains a firm buyer's market position, with an overall sales-to-active listings ratio of ten percent in February. This metric falls below the 12 to 20 percent range typically associated with balanced market conditions.
Average days on market varied by property type:
- Single-family detached homes: 47 days
- Condominiums: 45 days
- Townhomes: 39 days
Economic Uncertainty Influencing Household Decisions
"Many households are in a holding pattern right now, waiting for clearer signs that the economy is finding its footing," noted Baldev Gill, CEO of the Fraser Valley Real Estate Board. "Elevated economic uncertainty over the past year has cast a shadow over families' big financial decisions, including buying or selling a home. In times like these, a professional REALTOR® plays a critical role, offering trusted advice, local market insight, and the confidence needed to make informed moves."
Price Trends Show Modest Declines Across Property Types
The composite Benchmark price for a typical Fraser Valley home decreased by 0.2 percent in February to $895,100. Detailed price movements across property categories include:
- Single Family Detached: Benchmark price of $1,370,900, representing a 0.2 percent decrease from January 2026 and an 8.6 percent decrease from February 2025.
- Townhomes: Benchmark price of $770,700, reflecting a 0.3 percent decrease from January 2026 and a 7.1 percent decrease from February 2025.
- Apartments/Condos: Benchmark price of $488,300, showing a 0.1 percent decrease from January 2026 and an 8.9 percent decrease from February 2025.
The Fraser Valley Real Estate Board represents approximately 5,000 real estate professionals and serves as the exclusive statistical authority for the Fraser Valley real estate market, encompassing Surrey, Langley, Abbotsford, Mission, White Rock, and North Delta.
