Inventory levels remain elevated and market conditions favourable for buyers, according to the FVREB
The overall benchmark price for a single-detached house in the City of Surrey last month was down almost 10 per cent from the same time last year.
That’s according to the latest monthly market report from the Fraser Valley Real Estate Board (FVREB), noting buyers continue to benefit from strong selection and measured competition.
The report notes that when it comes to detached houses for the area of Surrey-Central, the April 2026 benchmark price was $1,373,800, almost unchanged from the previous month but down 10.3 per cent compared to April 2025.
Last month’s benchmark price for a house in Surrey-Cloverdale was $1,382,000, down almost nine per cent from April 2025.
The April 2026 benchmark price for a house in Surrey-North was $1,311,600, down almost 12 per cent year-over-year.
When it comes to townhouses, the April 2026 benchmark price in Surrey-Central was $768,300 (down almost eight per cent from April 2025), in Surrey-Cloverdale it was $773,100 (down 8.3 per cent) and in Surrey-North it was $703,600 (down almost 12 per cent)
When it comes to condos, the April 2026 benchmark price in Surrey-Central was $495,000 (down nine per cent from April 2025), in Surrey-Cloverdale it was $538,700 (down 7.7 per cent) and in Surrey-North it was $423,100 (down almost 11 per cent)