Surrey Real Estate Market Report - August 2026

Surrey Real Estate Market Update

The Fraser Valley Real Estate Board reports a notable -8.4% year-over-year decrease in the MLS® HPI composite benchmark price for Surrey - Central, now at $916,600 as of July 2026. This decline highlights a cooling market, potentially opening opportunities for strategic buyers.

Implications for Buyers

Buyers should leverage the decreased Surrey - Central benchmark price to negotiate better deals, especially in a market with a high inventory of homes.

• Consider properties that have been on the market longer, as sellers may be more willing to negotiate.
• Explore listings below the Surrey - Central benchmark price to find undervalued opportunities.
• Utilize the extensive inventory to compare and contrast properties before making an offer.

Implications for Sellers

Sellers face a challenging market with a high inventory and a significant drop in the Surrey - Central benchmark price. Pricing strategies should be aggressive to attract buyers.

• Price your property competitively by considering recent sales data and current active listings.
• Enhance property appeal through minor upgrades or staging to stand out in a crowded market.
• Be prepared for extended time on the market and consider flexible terms to attract buyers.

30-Second Takeaway

Surrey - Central has seen an 8.4% year-over-year drop in the MLS® HPI composite benchmark price. Buyers have a significant advantage with a large inventory and diverse price range, while sellers need to adopt competitive pricing and marketing strategies to succeed.