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Surrey Market Statistics

The Surrey Housing Market includes very different housing patterns across Whalley/City Centre, Guildford, Fleetwood, Newton and Cloverdale, from high-rise condos around Surrey City Centre to townhouses, detached homes and lower-density residential areas elsewhere in the city. These Surrey Market Statistics track Surrey Home Prices, sales, inventory, new listings and sales-to-active-listings ratios by property type so buyers and sellers can see how the Surrey Real Estate Market is changing.

Surrey Real Estate Prices can vary considerably between a City Centre condo, a Fleetwood townhouse, a Newton detached home and a Cloverdale property. Surrey Housing Prices, Surrey Sold Prices and a Surrey Average House Price are therefore more useful when interpreted within the relevant community and property type, while Surrey Real Estate Statistics provide the broader trend. Use the charts below to compare current conditions, then explore Surrey Homes for Sale to compare active listings with the market data and watch our monthly Market Statistics videos for additional regional commentary.

Interpreting these charts is not difficult, but it might take a few minutes of study the first time you look.

MLS® HPI Price: Indicates the current sale price of a “representative” house, condo or townhouse. The exact number isn’t what’s important here – look at the trends to assess how the market is moving relative to the past three years.

Median Sales Price: The median sales price is the middle price of all homes sold in a specific period. Half of the sales were above this price, and half were below. It reflects the actual prices buyers and sellers agreed on, but it can swing up or down depending on what types of homes happened to sell that month (e.g., more luxury homes or more entry-level units).

Total Inventory: The total number of homes currently listed for sale at the end of the month. This shows how much supply is available in the market. Rising inventory usually signals more selection for buyers, while declining inventory can indicate tightening conditions and increased competition.

New Listings: The number of homes that were newly added to the market during the month. This shows how much fresh supply is entering the market. Higher levels of new listings mean more options for buyers, while lower levels can signal limited selection and increased competition for available homes.

Sales: The total number of homes that successfully sold during the month. The stronger the market, the greater the number of sales!

Sales to Active Ratio: This ratio is widely used by industry insiders to quantify the strength of the market. It represents the percentage of the available inventory that is sold each month. Generally speaking, a ratio of below 0.12 indicates a slow market (“a buyer’s market”), while a ratio of over 0.20 indicates a hot market (“a seller’s market”), with many more buyers than sellers and intense competition for properties. A ratio between 0.12 and 0.20 reflects a “balanced” market, where the number of sellers and the number of buyers are roughly balanced.

Find more in depth reports below.

The Fraser Valley Real Estate Board (FVREB) publishes monthly municipal market statistics for Surrey. The embedded charts on this page currently identify Greater Vancouver REALTORS® as their chart data source, while tracking Surrey Home Prices and market activity for detached homes, townhouses and condos across the Surrey Housing Market.

These Surrey Real Estate Statistics are updated as new monthly data becomes available. Reviewing several months of Surrey Market Statistics provides better context than relying on one month alone, especially when Surrey Real Estate Prices are influenced by different property types and local submarkets. Surrey Housing Prices should therefore be read as a broader trend rather than as a substitute for comparable sales in a specific Surrey community. For broader regional comparisons, see our Market Statistics page.

Surrey Detached Homes Statistics

Surrey Townhouse Statistics

Surrey Condos Statistics

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The Surrey Housing Market contains several distinct submarkets with very different housing mixes. Whalley and City Centre have the strongest concentration of high-rise and transit-oriented housing, Guildford combines established residential areas with higher-density development, Fleetwood is changing rapidly along the Fraser Highway corridor, while Newton and Cloverdale contain broad mixes of detached homes, townhouses and other multi-family housing.

Those differences can influence Surrey Home Prices and Surrey Market Statistics from month to month. A stronger period for City Centre condo sales may affect citywide measures differently from increased townhouse or detached-home activity in Fleetwood, Newton or Cloverdale, so the Surrey Real Estate Market is more useful when property type and local submarket are considered together.

Whalley surrounds Surrey City Centre and includes four Expo Line SkyTrain stations, emerging residential towers, major institutions and a growing concentration of higher-density housing. This creates a sales mix that is very different from Surrey’s more ground-oriented neighbourhoods.

Changes in City Centre condo activity can therefore influence Surrey Market Statistics and Surrey Home Prices without showing the same conditions in detached or townhouse markets elsewhere. Surrey Real Estate Statistics are more useful when the condo, townhouse and detached-home charts are reviewed separately rather than treating Surrey as one uniform market.

Fleetwood has historically been dominated by single-family housing, but it is also one of Surrey’s fastest-growing areas and will be served by the Surrey-Langley SkyTrain extension along Fraser Highway. That combination is changing the mix of housing around future station areas.

Surrey Home Prices in Fleetwood may therefore reflect a different sales mix over time as more townhouses, apartments and transit-oriented housing are added. Changes within this corridor can influence the broader Surrey Real Estate Market without necessarily representing older detached-home neighbourhoods elsewhere in the city.

Parts of Newton and Cloverdale connect with the Serpentine and Nicomekl lowlands, where elevation, drainage, floodplain conditions and surrounding agricultural land create a different property environment from Surrey’s higher urban areas. The City identifies these lowlands as part of its wider floodplain system.

Those differences can matter when comparing Surrey Real Estate Prices. Surrey Housing Prices provide broad market direction, but Surrey Sold Prices are more meaningful when the comparable properties share similar location, property type and site characteristics rather than combining lowland and conventional urban properties indiscriminately.

Cloverdale includes conventional suburban neighbourhoods alongside agricultural and lower-density areas, so transactions can range from newer townhouses and detached homes to larger rural properties. A small number of higher-value acreage or rural sales can affect citywide price measures differently from a month dominated by conventional residential transactions.

Surrey Sold Prices should therefore be interpreted with the sales mix in mind. A Surrey Average House Price can move when the type of detached properties sold changes, while Surrey Real Estate Statistics provide better context when several months of sales, inventory and price data are reviewed together.

Surrey Market Statistics provide useful market context, but prices and conditions can vary substantially by community and property type. Browse current Surrey Houses for Sale, Surrey Condos for Sale, Surrey Townhouses for Sale, Surrey Duplex for Sale, Surrey Land for Sale and Surrey Homes with Suites to compare active listings with the trends shown in these charts.

You can also browse Surrey Open Houses, explore Surrey Presales & New Developments, or visit Surrey Photos & Videos for more information about living and buying in Surrey.

Surrey is one of the municipalities reported by the Fraser Valley Real Estate Board, so broader Fraser Valley trends provide useful context for the Surrey Housing Market. Comparing regional sales, inventory and price movement with Surrey Market Statistics can help show whether a change is primarily local or part of a wider Fraser Valley trend.

For broader regional comparisons, see our Market Statistics page and monthly Market Statistics videos. Those regional resources complement the Surrey Real Estate Market charts on this page without replacing the local property-type data.

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