Fraser Valley Real Estate Market Update – January 2026

The Fraser Valley real estate market opened 2026 with continued downward pressure on prices, high inventory levels, and very cautious buyer activity. January marked the tenth consecutive month of price declines, pushing benchmark prices back to pandemic-era levels across much of the region.

If you’re buying, selling, or simply watching the market, here’s a clear breakdown of what’s happening right now — plus a quick snapshot of each major Fraser Valley community.

January 2026 Market Snapshot (Fraser Valley)

• Benchmark price: $897,200

• Month-over-month: -1.0%

• Year-over-year: -6.9%

• Total sales: 619

• Active listings: 7,711

• Sales-to-active ratio: 8% (Buyer’s Market)

• Average days on market:

  • Detached: 55 days

  • Townhomes: 50 days

  • Condos: 53 days

Inventory remains 54% above the 10-year seasonal average, while sales continue to lag well below historical norms. Under normal conditions, this would be an ideal environment for buyers — but affordability pressures and economic uncertainty are keeping many on the sidelines. statspackagejan2026

Fraser Valley Prices by Property Type

• Detached homes:
  Benchmark price: $1,373,100
  ↓ 7.4% year-over-year

• Townhomes:
  Benchmark price: $773,100
  ↓ 6.5% year-over-year

• Apartments / Condos:
  Benchmark price: $488,600
  ↓ 8.2% year-over-year

All property types declined again in January, with condos seeing the largest annual drop. statspackagejan2026

Neighborhood-by-Neighborhood Snapshot

Langley

• Benchmark price: $962,900

• Detached: $1,505,900 (↓ 7.0% YoY)

• Townhomes: $814,500 (↓ 5.9% YoY)

• Condos: $553,000 (↓ 7.9% YoY)
  Inventory continues to rise, keeping buyers firmly in control.

Abbotsford

• Benchmark price: $744,300

• Detached: $1,171,700 (↓ 5.3% YoY)

• Townhomes: $632,600 (↓ 4.3% YoY)

• Condos: $397,500 (↓ 9.5% YoY)
  One of the more affordable regions, but demand remains muted.

Mission

• Benchmark price: $844,100

• Detached: $948,500 (↓ 6.0% YoY)

• Townhomes: $655,400 (↓ 3.6% YoY)

• Condos: $437,100 (↓ 4.7% YoY)
  Prices continue to soften after strong multi-year gains.

Surrey (All Areas Combined)

• Benchmark price: $951,800

• Detached: $1,393,800 (↓ 7.9% YoY)

• Townhomes: $767,300 (↓ 7.1% YoY)

• Condos: $499,700 (↓ 9.1% YoY)
  Surrey remains one of the most active markets, but inventory is well ahead of demand.

South Surrey & White Rock

• Benchmark price: $1,046,200

• Detached: $1,728,000 (↓ 6.3% YoY)

• Townhomes: $861,000 (↓ 8.1% YoY)

• Condos: $565,300 (↓ 5.5% YoY)
  Higher-end markets are feeling the slowdown more acutely.

North Delta

• Benchmark price: $1,094,500

• Detached: $1,269,100 (↓ 10.5% YoY)

• Townhomes: $901,700 (↓ 2.1% YoY)

• Condos: $517,700 (↓ 8.3% YoY)
  Detached homes saw some of the sharpest annual declines in the region.

What This Means for Buyers and Sellers

Buyers:
This is one of the strongest buyer-leaning markets the Fraser Valley has seen since 2008. Selection is high, competition is limited, and pricing power has shifted away from sellers.

Sellers:
Pricing correctly matters more than ever. Homes that are aspirationally priced are sitting, while well-priced properties are still moving — just more slowly.

Final Thoughts

January 2026 confirmed what many have already felt: the Fraser Valley is firmly in a buyer’s market. Until affordability improves or confidence returns, expect prices to remain under pressure and activity to stay subdued.

If you want a hyper-local breakdown of your neighborhood or property type, or help interpreting how these numbers affect your situation, that’s where working with a local expert really matters.