Surrey Real Estate Market Report - November 2026

Surrey - Central Experiences a 7% Year-Over-Year Benchmark Price Decline

The Fraser Valley Real Estate Board reports a notable 7% decrease in the MLS® HPI composite benchmark price for its Surrey - Central area (not the whole city), as of October 2026, bringing the current benchmark to $899,900. This decline signifies a shift in market dynamics, impacting both buyers and sellers in the region.

Implications for Buyers

Buyers have a broad selection to choose from. The significant year-over-year benchmark price drop of 7% in Surrey - Central suggests a buyer's market, providing opportunities to negotiate better deals. Buyers should consider the wide price range of active listings to find properties that fit their budget.

Implications for Sellers

Sellers face a challenging market with a 7% decrease in the Surrey - Central benchmark price, necessitating strategic pricing to attract buyers. Sellers must ensure their properties stand out, possibly by enhancing curb appeal or offering competitive incentives. The broad list price range suggests a need for careful market positioning. Sellers of houses, condos, and townhouses should be prepared for potentially longer selling periods given the current inventory levels.

30-Second Takeaway

• The MLS® HPI composite benchmark price for Surrey - Central is down 7%, at $899,900 in October 2026, according to the Fraser Valley Real Estate Board.
• Active listings provide a wide selection for buyers, indicating a buyer's market.
• Sellers need competitive pricing strategies amidst a broad price range and high inventory.
• The market dynamics offer buyers negotiation leverage while challenging sellers to differentiate their listings.