Value First Home Team
January 2026 · Fraser Valley Real Estate Board
Fraser Valley
Market Update
Active inventory is 54% above the 10-year seasonal average and prices have fallen for ten consecutive months. The overall benchmark has dropped below $900K for the first time since spring 2021 — sellers who move early in spring hold the advantage.
$897,200
Overall benchmark
↓ 6.9%
Year over year
8.0%
Sales-to-active ratio
7,711
Active listings
Spring
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Fraser Valley market stats
Market Snapshot for Fraser Valley
January 2026 snapshot reported by the Fraser Valley Real Estate Board. Includes active listings, sales, benchmark prices, and sales-to-active listings ratios by property type. Covers Surrey, Langley, Abbotsford, Mission, White Rock, and North Delta. Current as of February 03, 2026.
Detached benchmark price
$1,373,100
Down 7.4 percent year over year (January 2026 vs January 2025)
Quick context
Active listings: 2,563 (up 6.8 percent)
Sales: 191 (down 21.1 percent)
Average days on market: 55
Sales: 191 (down 21.1 percent)
Average days on market: 55
Townhome benchmark price
$773,100
Down 6.5 percent year over year (January 2026 vs January 2025)
Quick context
Active listings: 1,280 (up 10.2 percent)
Sales: 154 (down 32.2 percent)
Average days on market: 50
Sales: 154 (down 32.2 percent)
Average days on market: 50
Apartment benchmark price
$488,600
Down 8.2 percent year over year (January 2026 vs January 2025)
Quick context
Active listings: 1,837 (down 1.9 percent)
Sales: 187 (down 28.6 percent)
Average days on market: 53
Sales: 187 (down 28.6 percent)
Average days on market: 53
Sales to active listings ratio
8.0%
Overall, January 2026 (Fraser Valley — firmly buyer's market)
How to read it
Downward pressure often below 12 percent. Upward pressure often above 20 percent over several months.
Firmly in buyer's market territory
The Fraser Valley's overall sales-to-active ratio sits at 8% in January 2026 — well below the 12% balanced market floor. Active inventory is 54% above the 10-year seasonal average at 7,711 listings. Prices have fallen for ten consecutive months.
Detached ratio
7.5%
Townhome ratio
12.0%
Apartment ratio
10.2%
Guideline bands
Below 12% pressure down
Above 20% pressure up
Above 20% pressure up
MLS® HPI benchmark prices
January 2026, Fraser Valley Board
Report date
Current as of February 03, 2026
| Property type | Benchmark price | YoY | DOM avg |
|---|---|---|---|
| Detached | $1,373,100 | Down 7.4% | 55 |
| Townhome | $773,100 | Down 6.5% | 50 |
| Apartment | $488,600 | Down 8.2% | 53 |
| Sales by type | Jan 2026 | YoY | Jan 2025 |
|---|---|---|---|
| Detached | 191 | Down 21.1% | 242 |
| Townhome | 154 | Down 32.2% | 227 |
| Apartment | 187 | Down 28.6% | 262 |
Data source: Fraser Valley Real Estate Board MLS® Summary, January 2026. Overall benchmark $897,200 — first time below $900K since spring 2021.
Information is drawn from the Fraser Valley Real Estate Board's published market statistics and is provided for general information only. It is not intended to be financial, legal, or professional advice. Market conditions can change quickly. MLS® and REALTOR® are trademarks owned by The Canadian Real Estate Association. Fraser Valley Real Estate Board represents over 5,000 real estate professionals across Surrey, Langley, Abbotsford, Mission, White Rock, and North Delta.
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This estimator uses Fraser Valley Real Estate Board MLS® HPI composite benchmark trend data to approximate market change from your purchase date, then adds estimated renovation value. It is informational only and is not an appraisal.
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MLS® HPI data
How Much Is Your Home Worth Today
Locked to Fraser Valley Real Estate Board MLS® HPI. Estimates compare your purchase price to the MLS® Home Price Index and add estimated renovation value.
$
🍳
Kitchen reno
+$18 to $25K
🚿
Bathroom(s)
+$10 to $15K
🏗️
Basement suite
+$35 to $50K
🪵
New flooring
+$6 to $10K
🏠
New roof
+$8 to $12K
❄️
HVAC or heat pump
+$10 to $15K
🪟
Windows and doors
+$12 to $18K
🌿
Landscaping
+$5 to $12K
$
★★★★★
Uses MLS® HPI trend data for Fraser Valley
Estimated current value
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Fraser Valley benchmark is down 6.9% year-over-year. Spring is historically the strongest selling window.
HPI gain
—
Reno value
—
Total gain
—
Value breakdown
Original purchase price—
HPI market appreciation—
Renovation and upgrade value—
Estimated value today—
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Estimates use MLS® HPI composite benchmark trend data for Fraser Valley Real Estate Board and are for informational purposes only. Not an appraisal.
Value First Home Team
Value First Home Team
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.