January is traditionally a quieter month for real estate — but this January told a clear story across the Fraser Valley. Inventory is climbing in nearly every area, sales volumes dipped compared to December, and prices softened in most detached markets. For buyers, the landscape is opening up. For sellers, pricing strategy matters more than ever.
Surrey
Surrey saw a noticeable shift this month. Inventory grew steadily in both detached and attached categories, giving buyers meaningfully more options than they had in December. On the sales side, the number of homes that actually sold dropped sharply for detached houses — a clear sign that buyers are taking their time. Detached sale prices pulled back, while price per square foot held relatively close to where it was. Condos and townhomes told a similar story: more listings, fewer sales, and a modest softening on price. Days on market stretched a bit for attached homes, though detached homes actually moved a little faster. Overall, Surrey is firmly in buyers' territory right now.
South Surrey/White Rock
South Surrey and White Rock stood out this month for one reason: detached prices barely moved. While most of the Fraser Valley saw price softening, this area held remarkably steady — a sign of sustained demand at the higher end. That said, inventory still crept up and sales volume dipped slightly. The one flag to watch is days on market for detached homes, which stretched considerably month over month. The attached market saw a bit more movement in pricing, with sale prices actually ticking up, though sales volume still dropped. A nuanced market — stable pricing, but buyers are in less of a hurry.
North Delta
North Delta quietly added more listings while sales volume dropped for detached homes. Prices and price per square foot both edged down slightly, and days on market stretched a bit — a classic cooling pattern. The attached market here is small, so the numbers can swing more dramatically, but the overall read is consistent: more supply, less urgency from buyers. List-to-sale ratios stayed stable, which suggests sellers aren't having to slash prices dramatically — they just need a bit more patience. A steady, buyer-friendly environment.
Cloverdale
Cloverdale was one of the brighter spots this month. Detached sale prices actually ticked up, and homes were selling faster than in December — a rare counter-trend in the Fraser Valley right now. Inventory still grew, but the attached market saw the biggest jump in new listings of any area we're tracking. Attached prices softened slightly, but list-to-sale ratios stayed very healthy. Cloverdale is reading as the most balanced market in the region — neither strongly favoring buyers nor sellers, just steady, well-priced activity.
309 27215 Aldergrove Town Centre Drive
Langley
Langley posted a meaningful jump in detached sale prices this month, making it one of only a couple of areas where prices actually moved up. Price per square foot followed suit. Sales volume did drop, and days on market stretched — so the price increase likely reflects the mix of homes that sold rather than a broad surge in demand. The attached market cooled more noticeably, with prices and price per square foot both dipping. Inventory grew across the board. Langley sits comfortably in balanced territory, with detached holding its value well and attached needing a little more attention from sellers on pricing.
Abbotsford
Abbotsford saw the sharpest price corrections in the Fraser Valley this month — both detached and attached sale prices pulled back more than anywhere else we track. Sales volume dropped significantly for detached homes, and days on market stretched. The attached market followed a similar pattern, with prices and price per square foot both coming down and list-to-sale ratios dipping below where they were in December. Inventory grew in both categories. The message here is clear: if you're selling in Abbotsford right now, pricing needs to be sharp. Buyers have options and they know it.
Mission
Mission was quietly one of the stronger performers this month. Detached sales actually increased — one of only two areas where that happened — and days on market dropped dramatically, meaning homes are moving faster. Detached prices held essentially flat, and list-to-sale ratios hit their strongest point in a while. Price per square foot ticked up noticeably. The attached market is thin here, so the numbers are harder to read, but the detached story is encouraging. Mission looks like a solid, well-balanced market heading into the spring.
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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.