Surrey Real Estate Market Report - October 2026
The latest real estate market report for Surrey, British Columbia. Average prices, listings data, and insights for buyers and sellers.
Surrey's Real Estate Market Sees Notable Decline in Benchmark Prices
The most striking data point from the Fraser Valley Real Estate Board's September 2026 report is the 7% year-over-year decline in the MLS® HPI composite benchmark price, now standing at $906,200. This marks a significant shift for Surrey's real estate market, impacting both buyers and sellers.
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Price Breakdown by Property Type
| Property Type | Number of Active Listings |
|---|---|
| Houses | 43 |
| Condos | 22 |
| Townhouses | 15 |
What This Means for Buyers
With a benchmark price decrease of 7% from the previous year, buyers have a unique opportunity to enter the Surrey market at a reduced cost. The current active listings, totaling 4,207, provide a wide range of options, with prices starting as low as $114,900. The high inventory level suggests that buyers can negotiate more favorable terms, especially given the 387 sales recorded in September 2026, indicating a slower market pace.
- Leverage the 7% price drop to negotiate better deals.
- Explore the extensive inventory of 4,207 active listings for diverse options.
- Consider the broader price range, from $114,900 to $45,501,600, to find properties that fit specific budgets.
What This Means for Sellers
Sellers face a more challenging environment with the benchmark price decrease and a high number of active listings. The 1,183 new listings in the past 30 days contribute to the competition. To stand out, sellers should consider strategic pricing and enhancing property appeal to attract the 387 potential buyers active in the market last month.
- Price properties competitively to attract interest amid the 7% price decline.
- Enhance property features to differentiate from the 4,207 active listings.
- Act swiftly with marketing strategies, given the influx of 1,183 new listings.
30-Second Takeaway
Surrey's real estate market in October 2026 is characterized by a 7% reduction in benchmark prices, a substantial inventory of 4,207 listings, and a modest sales volume of 387. Buyers can capitalize on reduced prices and high inventory, while sellers need to adopt competitive pricing and marketing strategies to navigate the challenging conditions.
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