Fraser Valley Real Estate Market Update – January 2026 - Alex Maldeis - Langley Realtor

by Alex Maldeis PREC – February 3, 2026 – Langley Realtor

January opened the year with very little momentum across the Fraser Valley. Sales slowed sharply after the holidays, while inventory climbed well above seasonal norms. Despite prices continuing to soften, buyer confidence remained cautious, keeping overall activity muted and firmly positioning the market in buyer-favouring territory.

Market at a Glance
Sales: 619 (↓32.6% from December, ↓24.3% year-over-year)
New Listings: 3,078 (↑128.0% from December, ↓10.3% year-over-year)
Active Listings: 7,711 (↑10.7% from December, ↑6.3% year-over-year)
Sales-to-Active Listings Ratio: 8% (Balanced market = 12–20%)
Benchmark Price (all types): $897,200 (↓1.0% month-over-month, ↓6.9% year-over-year)

Pricing Snapshot
Detached: $1,373,100 (↓1.1% MoM, ↓7.4% YoY)
Townhomes: $773,100 (↓1.0% MoM, ↓6.5% YoY)
Condos: $488,600 (↓0.6% MoM, ↓8.2% YoY)

Prices declined for the tenth consecutive month, with the Fraser Valley benchmark dipping below $900,000 for the first time since spring 2021. While affordability has improved on paper, broader cost-of-living pressures continue to hold many buyers on the sidelines.

What This Means for Buyers
This is one of the clearest buyer-advantaged environments we’ve seen in years. Selection is high, competition is low, and days on market have stretched across all property types. Buyers who are well-prepared, financially qualified, and patient have meaningful leverage on price and terms. The key is being strategic rather than reactive, focusing on value, not headlines.

What This Means for Sellers
Sellers need to be realistic. Elevated inventory means buyers have options, and overpriced homes are sitting. That said, homes that are priced correctly and presented well are still selling. The difference right now is precision. Accurate pricing from day one matters far more than it did in recent years, and strong marketing is essential to stand out in a crowded field.

Community Highlights (Benchmark Prices)
Langley: Detached $1,505,900 (↓0.6% MoM), Townhomes $814,500 (↓0.9%), Condos $553,000 (↓0.5%)
South Surrey / White Rock: Detached $1,728,000 (↓0.3%), Townhomes $861,000 (↓2.8%), Condos $565,300 (↓0.9%)
Abbotsford: Detached $1,171,700 (↓2.3%), Townhomes $632,600 (↓0.3%), Condos $397,500 (↓1.6%)
Mission: Detached $948,500 (↓2.6%), Townhomes $655,400 (flat), Condos $437,100 (↑1.7%)

Looking Ahead
January reinforced what much of 2025 already showed. Inventory alone isn’t enough to drive activity. Confidence, affordability, and economic clarity will be the determining factors as we move further into 2026. Whether you’re buying or selling, having a clear, data-driven plan is critical in this environment.

If you want to walk through how these conditions affect your specific situation or plans for 2026, I’m always happy to connect.

Alex Maldeis PREC
Top 1% Realtor – Fraser Valley and Metro Vancouver
604-789-5200
Alex@AlexMaldeis.ca