Fraser Valley Real Estate Market Update – February 2026

Sales Rise 36%, But Buyer’s Market Conditions Continue

The Fraser Valley real estate market in February 2026 showed early signs of activity heading into spring, with home sales rising significantly compared to January. However, the market remains firmly in buyer’s market territory, with elevated inventory levels and cautious buyer sentiment continuing to shape conditions across Surrey, South Surrey, White Rock, Langley, and the broader Fraser Valley housing market.

Watch the full February 2026 Fraser Valley Market Update video below for a detailed breakdown of what these numbers mean for buyers and sellers.

February 2026 Fraser Valley Market Highlights

According to the Fraser Valley Real Estate Board (FVREB), the region recorded 843 sales in February 2026, representing a 36% increase from January.

While that increase suggests some early spring momentum, sales are still 38% below the 10-year seasonal average, highlighting how cautious many buyers remain in the current BC housing market.

Key February statistics include:

• 843 homes sold (up 36% from January)

• 2,796 new listings (down 9% month-over-month)

• 8,344 active listings

• 10% sales-to-active listings ratio (buyer’s market)

• Benchmark home price: $895,100

Inventory levels remain well above normal, sitting 51% higher than the 10-year seasonal average.

This means buyers currently have more choice and negotiating power than they’ve had in several years.

Fraser Valley Home Prices – February 2026

The benchmark home price in the Fraser Valley decreased slightly in February, down 0.2% month-over-month to $895,100.

Although prices are softer compared to last year, the pace of monthly decline has slowed, which could indicate the market beginning to stabilize.

Benchmark Prices by Property Type

Single-Family Homes
$1,370,900

• Down 0.2% from January 2026

• Down 8.6% year-over-year

Townhomes
$770,700

• Down 0.3% from January

• Down 7.1% year-over-year

Condos / Apartments
$488,300

• Down 0.1% from January

• Down 8.9% year-over-year

Fraser Valley Inventory Remains Elevated

The Fraser Valley housing market continues to see high inventory levels, with 8,344 active listings in February.

This is:

• 8% higher than January

• 51% above the 10-year seasonal average

The sales-to-active listings ratio of 10% confirms the market remains in buyer’s market territory. A balanced market typically falls between 12% and 20%.

Higher inventory gives buyers:

• More homes to choose from

• More time to evaluate options

• Greater negotiating leverage

How Long Are Homes Taking to Sell?

Homes across the Fraser Valley real estate market are also taking longer to sell compared to the peak years.

Average days on market in February were:

• Detached homes: 47 days

• Townhomes: 39 days

• Condos: 45 days

This slower pace reflects cautious buyers and a market where thoughtful decision-making has replaced the urgency seen during previous market cycles.

What This Means for Buyers in 2026

For buyers considering a home purchase in Surrey, South Surrey, White Rock, or Langley, the current conditions provide several advantages:

• More available listings

• Less competition compared to previous years

• Greater negotiating power

• Stabilizing prices

Markets often shift once buyer confidence returns, which means prepared buyers may benefit from acting before competition increases heading deeper into the spring 2026 real estate market.

What This Means for Sellers

For sellers in the Fraser Valley housing market, strategy matters more than ever.

Homes that are:

• Properly priced

• Well prepared and staged

• Professionally marketed

are still attracting buyers and selling successfully.

However, overpriced listings are sitting longer as buyers have more options and time to compare properties.

Fraser Valley Housing Market Outlook

While February showed early signs of momentum compared to January, the broader BC housing market continues to face economic uncertainty that is causing many households to take a cautious approach.

Many buyers remain in a holding pattern, waiting for clearer economic signals before making major financial decisions.

As the spring real estate market approaches, increased activity is possible if buyer confidence improves.

Watch the February 2026 Fraser Valley Market Update

For a full breakdown of the numbers and what they mean for buyers and sellers, watch the video below.

Thinking of Buying or Selling in the Fraser Valley?

If you're planning to buy or sell in Surrey, South Surrey, White Rock, Langley, or anywhere in the Fraser Valley, understanding the market is key.

If you're looking for a local expert to get ahead in the Fraser Valley real estate market, feel free to reach out. I’m here to help.