Fraser Valley home prices back to pandemic-era levels under weight of economic headwinds and sustained inventory
As we move into early 2026, the Fraser Valley real estate market is presenting some of the most meaningful opportunities for buyers that we have seen in years. While economic headwinds and seasonal patterns led to a quieter January with 619 sales, this has paved the way for a market where selection is high and prices have returned to pandemic-era levels. The composite benchmark price for the region has adjusted to $897,200, marking the first time it has dipped below the $900,000 threshold since the spring of 2021. With inventory now 54% above the 10-year seasonal average, buyers have an incredible amount of choice and the increased negotiating power to find a home that perfectly aligns with their long-term goals.
For those looking to make a strategic move, several “Best Bets” have emerged across our local communities. In the detached market, areas like West Abbotsford and Cloverdale are currently offering fantastic value. Buyers are also finding great entry points in Aldergrove and Langley City. Walnut Grove and Murrayville remain standout areas for sellers of both single family homes, townhomes, and condos. This balanced environment allows for more circumspect decision-making, giving you the time to work with your favourite Realtors to develop a winning strategy for the year ahead. Give us a call and let’s get together.
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 – Home prices in the Fraser Valley fell for the tenth consecutive month in January, pushing the Benchmark price below $900,000 for the first time since spring 2021.
The Benchmark price for a typical home in the Fraser Valley dropped one per cent in January to $897,200, down 6.9 per cent year-over-year. The continued softening of prices wasn’t enough to get buyers off the sidelines, as the Fraser Valley Real Estate Board recorded 619 sales on its Multiple Listing Service® (MLS®) in January, a 33 per cent decrease from December, and 24 per cent below sales from the same month last year. New listings increased 128 per cent in January to 3,078, reflecting the typical seasonal patterns; however, activity remained 10 per cent below last year’s levels.
“January opened the year with negligible momentum,” said Tore Jacobsen, Chair of the Fraser Valley Real Estate Board. “Prices continued to weaken while at the same time selection remains high. Under normal market dynamics, these would be considered highly favourable conditions for buyers, however the uncertainty of the past year or so continues to loom large, subduing buyer confidence and muting overall market activity.”
Overall inventory remains above seasonal norms for the Fraser Valley, with 7,711 active listings, up 11 per cent from December and 54 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 eight per cent in January, down five per cent from December. A balanced market is typically defined by a ratio between 12 and 20 per cent.
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.
“Affordability challenges facing many households today extend well beyond housing costs alone,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “Rising day-to-day expenses, combined with wages that have not kept pace, have created significant financial pressure. As a result, potential buyers are choosing to be more circumspect with respect to purchasing decisions and are working with REALTORS® to develop timing strategies that meet their long-term objectives.”
MLS® HPI Benchmark Price Activity
• Single Family Detached: At $1,373,100 the Benchmark price for an FVREB single-family detached home decreased 1.1 per cent compared to December 2025 and decreased 7.4 per cent compared to January 2025.
• Townhomes: At $773,100 the Benchmark price for an FVREB townhome decreased one per cent compared to December 2025 and decreased 6.5 per cent compared to January 2025.
• Apartments: At $488,600 the Benchmark price for an FVREB apartment/condo decreased 0.6 per cent compared to December 2025 and decreased 8.2 per cent compared to January 2025.
Find the January 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.
