Open-pollinated progeny trials of Fraser fir (Abiesfraseri(Pursh) Poir.) assessed at 8 years provided genetic parameter estimates for growth, Christmas tree quality traits, and wholesale value at harvest age. Significant variation was found between and within nine different seed sources. Estimated individual tree heritabilities of important traits ranged from a low of 0.13 for USDA Christmas tree grade to a moderate value of 0.33 for crown diameter. Heritabilities within the better performing seed sources tended to be higher. Of the two traits that determine wholesale value, USDA grade and height class, the latter proved to have the greater influence, both phenotypically and genetically. Genetic correlations of early age height growth with 8-year total height, height class, USDA Christmas tree grade, and individual tree wholesale value proved favorable and strong (range of 0.57–0.96). In combination with moderate heritabilities for early growth traits, such correlations provide potential for effective early age selections in Fraser fir Christmas trees.