The Fraser Valley housing market opened 2026 with little momentum, as subdued buyer confidence and steady inventory levels continued to weigh on activity. While January typically brings a seasonal lift in new listings, demand failed to keep pace, reinforcing buyer’s-market conditions across the region.
The Fraser Valley Real Estate Board recorded 619 sales on its MLS® in January, a 33 per cent decline from December and 24 per cent below January 2025. While slower winter sales are expected, January’s figures reflect a broader pattern of hesitation among buyers who remain cautious amid affordability pressures and ongoing economic uncertainty.
New listings climbed 128 per cent month-over-month to 3,078, in line with normal seasonal trend. However, listings were still 10 per cent lower than January last year, suggesting sellers are entering the market, but not in the volumes typically seen in stronger years.
The Fraser Valley ended January with 7,711 active listings, up 11 per cent from December and 54 per cent above the 10-year seasonal average. This continues to provide buyers with ample choice while intensifying competition among sellers.
The sales-to-active listings ratio fell to eight per cent in January, down from 13 per cent in December, placing the Fraser Valley firmly in buyer’s-market territory. A balanced market is generally considered to fall between 12 and 20 per cent.
Sales-to-Active Ratio
Detached: 7% (down 6% from December)
Townhouses: 12% (down 8% from December)
Apartments: 10% (down 6% from December)
Benchmark Prices
Home prices continued to ease in January, extending a months-long downward trend.
The composite Benchmark price for all home types dipped one per cent month-over-month to $897,200, marking the tenth consecutive monthly decline and pushing prices below the $900,000 mark for the first time since spring 2021.
Change in price: month-to-month
- Detached: $1,373,100 –1.1%
- Townhouse: $773,100 –1.0%
- Apartments: $488,600 –0.6%
Days on Market
Across the Fraser Valley in January, the average number of days to sell a single-family detached home was 55 days, while for a condo it was 53 days. Townhomes took, on average, 50 days to sell.
To learn more about HPI Benchmark prices by sub-area, click here. For a more detailed look at the Fraser Valley market click here to view the Monthly Statistics Package.