Fraser Valley market shows early bloom with February sales lift
Spring is showing early signs of blooming in the Fraser Valley real estate market as we head into March. February brought a refreshing “spring thaw” with a notable 36% increase in sales activity over January, signaling that buyers are beginning to step off the sidelines. While we are still in a buyer-friendly environment, the overall sales-to-active listings ratio has ticked up to 10%, indicating a healthy movement toward a more balanced market. For those who have been waiting for the right moment, the current combination of ample inventory—51% above the 10-year seasonal average—and settled prices presents a premier window of opportunity to secure a home before the traditional spring peak.
Strategically, the detached market is offering incredible value, particularly in areas like Cloverdale and North Delta. In Langley, the attached market is a major standout, currently sitting in a strong Seller’s Market at a 21% sales ratio, driven by high demand in neighborhoods like Murrayville and Willoughby Heights. Meanwhile, savvy buyers are finding their “Best Bets” in the detached segments of Whalley and Mission, or looking for fantastic entry points in Abbotsford West and Langley City for attached properties. Whether you are looking to find a hidden gem or position your home for a successful spring sale, the momentum is clearly building in our local communities. Let’s schedule a time to chat and see how you can benefit from the current market.
See Listed Properties For Sale in Langley BC
If you are considering selling, buying or just have questions about the market, please give us a call today and let’s chat.What Does The Fraser Valley Real Estate Board Have To Say?
SURREY, BC – The Fraser Valley market showed early signs of a spring thaw in February, with sales increasing over January, but continuing to trail typical levels for this time of year.
The Fraser Valley Real Estate Board recorded 843 sales on its Multiple Listing Service® (MLS®) in February, a 36 per cent increase from January, but 38 per cent below the ten-year seasonal average. New listings declined nine per cent in February to 2,796, suggesting some sellers are choosing to wait amid competitive inventory levels, and may be positioning their homes for the peak of the 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 seasonal norms for the Fraser Valley, with 8,344 active listings, up eight per cent from January and 51 per cent above the 10-year seasonal average.
The Fraser Valley remains firmly in a buyer’s market, with an overall sales-to-active listings ratio of ten per cent in February. A balanced market is typically defined by a ratio between 12 and 20 per cent.
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.
“Many households are in a holding pattern right now, waiting for clearer signs that the economy is finding its footing,” said 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.”
The composite Benchmark price for a typical home in the Fraser Valley decreased 0.2 per cent in February, to $895,100.
MLS® HPI Benchmark Price Activity
• Single Family Detached: At $1,370,900 the Benchmark price for an FVREB single-family detached home decreased 0.2 per cent compared to January 2026 and decreased 8.6 per cent compared to February 2025.
• Townhomes: At $770,700 the Benchmark price for an FVREB townhome decreased 0.3 per cent compared to January 2026 and decreased 7.1 per cent compared to February 2025.
• Apartments: At $488,300 the Benchmark price for an FVREB apartment/condo decreased 0.1 per cent compared to January 2026 and decreased 8.9 per cent compared to February 2025.
Find the February 2026 Statistics Package HERE.
Whether you’re buying, selling, or simply seeking to feel more at home, we’re here to help you every step of the way.
