Fraser Valley Real Estate Market Update February 2026

Fraser Valley Real Estate Market Update - Alex Maldeis PREC - Langley Realtor

The Fraser Valley market showed early signs of a spring shift in February, but we remain firmly in buyer-favouring territory.

While sales improved from January, overall activity is still below historical norms - and inventory remains elevated. Here’s what that means for you.

Market Snapshot – February 2026

843 total sales
36% from January
8.4% compared to February 2025
38% below the 10-year seasonal average

2,796 new listings
9% from January
10.4% year-over-year

8,344 active listings
8% from January
51% above the 10-year seasonal average

Sales-to-active listings ratio: 10%
Balanced market = 12–20%
We are currently in a buyer’s market

Benchmark Prices (Fraser Valley)

Composite benchmark price: $895,100
0.2% from January
7.7% year-over-year

By Property Type:

Detached Homes
$1,370,900
0.2% month-over-month
8.6% year-over-year

Townhomes
$770,700
0.3% month-over-month
7.1% year-over-year

Condos
$488,300
0.1% month-over-month
8.9% year-over-year

Prices have stabilized month-to-month but remain softer compared to last year.

Days on Market

Detached: 47 days
Townhomes: 39 days
Condos: 45 days

Properties are taking longer to sell compared to peak market conditions, giving buyers more negotiation leverage.

What’s Happening in Langley?

Langley remains active but balanced toward buyers:

Detached Benchmark: $1,516,100 (6.9% YoY)
Townhome Benchmark: $810,300 (6.7% YoY)
Condo Benchmark: $553,000 (8.4% YoY)

Inventory has increased compared to earlier in the year, and buyers are being selective.

For well-priced homes that show well, there is still activity — but pricing strategy is critical.

What This Means

For Buyers:

This is one of the strongest negotiating environments we’ve seen in several years.

More inventory
Soft pricing
Less competition
Longer decision windows

If you are financially ready, this window may represent opportunity before typical spring activity ramps up.

For Sellers:

The market will reward:

Accurate pricing
Strong presentation
Professional marketing

Overpricing in this environment will result in extended days on market and eventual price reductions.

The right strategy matters more than ever.

My Take

We are seeing early seasonal momentum, but economic uncertainty continues to keep many households in a holding pattern.

If rates stabilize and consumer confidence improves, we may see stronger spring activity — but right now, buyers have leverage.

The Fraser Valley is not in a crash. It’s in a recalibration phase with elevated inventory and softer demand.

Strategic decisions win in this market.

If you’d like a breakdown specific to your neighbourhood in Langley, Surrey, White Rock, or anywhere in the Fraser Valley, reach out directly.

Alex Maldeis
Top 1% FVREB Realtor
RE/MAX
604-789-5200
Alex@alexmaldeis.ca