Fraser Valley Real Estate Board Market Report: February 2026 Shows Early Signs of Stabilization

Fraser Valley Real Estate Board — February 2026

The Fraser Valley housing market recorded a composite benchmark price of $1,375,600 in February 2026, reflecting a slight year-over-year decline of 0.3%. Total sales increased by 20% from January, reaching 1,007 transactions, while new listings rose to 3,341, indicating a shift in market dynamics.

Market Analysis

The Fraser Valley's real estate market is beginning to stabilize after nearly a year of declining prices. The total sales for February 2026 increased significantly from the previous month, suggesting a growing interest among buyers despite ongoing economic uncertainties. With 9,201 active listings and a months of inventory (MOI) of 9.1, the market remains firmly in the buyers' territory, characterized by a sales-to-new-listings ratio (SNLR) of 30.1%. This indicates that while sales are improving, they still lag behind historical averages, creating a cautious environment for both buyers and sellers.

Property Type Analysis

Currently, detailed benchmark prices and sales data for specific property types—detached homes, townhouses, and apartments—are not available. However, the overall market conditions suggest that buyers may find better opportunities in the attached and apartment segments, where inventory levels are higher. The increased choice in the market may lead to more competitive pricing, particularly for condos, which could appeal to first-time buyers and those looking for more affordable options.

Regional Highlights

The Fraser Valley continues to experience elevated inventory levels, with active listings up 10% from January and 50% above the ten-year seasonal average. This trend points to a significant shift in supply dynamics, allowing buyers greater selection and potentially more negotiating power. The region's overall sales activity, while up from the previous month, remains below typical seasonal levels, indicating that buyer caution persists amid economic uncertainties.

For Buyers

For prospective buyers, the current market presents a unique opportunity to take advantage of increased inventory and improved affordability. With a variety of options available, buyers are encouraged to work with a knowledgeable real estate professional to navigate the market effectively and identify properties that meet their needs.

For Sellers

Sellers should be mindful of the current market conditions, as elevated inventory levels may require more strategic pricing and marketing efforts. With new listings rising, it is crucial for sellers to present their properties competitively to attract potential buyers, especially in a market where buyer caution is prevalent.