Surrey Real Estate Market Report - September 2026

Surrey Market Sees Notable Decline in Benchmark Prices

The most striking data point from the Fraser Valley Real Estate Board's August 2026 report is the -7.6% year-over-year change in the MLS® HPI composite benchmark price, now at $912,700. This decline signals a cooling market, impacting both buyers and sellers in Surrey.

Price Breakdown by Property Type

Implications for Buyers

With 4,337 active listings and 1,157 new listings in the past 30 days, buyers have a broad selection to choose from. The significant drop in the benchmark price, now at $912,700, suggests potential for negotiating better deals. Buyers should leverage the current inventory to find properties priced below the benchmark, particularly among the 33 condos and 18 townhouses available.

Implications for Sellers

Sellers face increased competition with 4,337 active listings. The wide price range from $99,880 to $45,501,600 indicates the necessity of strategic pricing to attract offers. With only 383 MLS® sales in August 2026, sellers should consider enhancing property appeal through improvements or staging to differentiate from the 59 available houses.

30-Second Takeaway

• Benchmark price decreased by 7.6% year-over-year to $912,700.
• Active inventory includes 59 houses, 33 condos, and 18 townhouses.
• Buyers have leverage with abundant listings and a declining price trend.
• Sellers must price competitively and enhance property appeal to secure sales.