The Fraser Valley housing market started 2026 on a sluggish note, with buyer hesitation and rising inventory reinforcing favorable conditions for purchasers.

Key Highlights:

• Sales declined sharply: 619 sales recorded, down 33% from December and 24% below January 2025
• Inventory surged: 7,711 active listings—54% above the 10-year seasonal average
• Buyer’s market confirmed: Sales-to-active ratio fell to just 8% (balanced market = 12-20%)
• Prices continue downward: Composite benchmark price dropped to $897,200, marking the 10th consecutive monthly decline and falling below $900K for the first time since spring 2021

Price Changes (Month-over-Month):

• Detached homes: $1,373,100 (−1.1%)
• Townhouses: $773,100 (−1.0%)
• Apartments: $488,600 (−0.6%)

Average Days on Market: 50-55 days across all property types

Bottom Line: With ample inventory, weakening prices, and cautious buyers, the Fraser Valley remains firmly in buyer’s-market territory as we move through early 2026.