It’s a buyer-friendly market if you’re looking to purchase a home in Surrey.
The Fraser Valley Real Estate Board’s (FVRB) latest monthly market report notes home prices in the Fraser Valley continued to become more affordable in June, with benchmark prices now sitting 26 per cent below their 2022 peak.
Prices edged down another 0.9 per cent in the region during the month, according to the FVRB, adding the spring market underperformed expectations despite improving affordability and more choice for buyers.
The FVRB also says that overall sales in the region this June were two per cent higher from May, but four per cent below the same month last year.
Looking at the City of Surrey’s real estate scene, overall sales in June 2026 were down 2.5 per cent compared to June 2025, despite prices sliding downward.
The report notes that in Surrey-Central, new listings were down 11.1 per cent for detached houses last month compared to June 2025, while active listings were down almost 13 per cent.
The June 2026 benchmark price for a house in the area was $1,336,800, down slightly from the previous month and down close to 10 per cent from the same time last year.
The benchmark price for a townhouse last month was $758,000, down 7.8 per cent from June 2025. The benchmark price for a condo last month was $481,900, down almost 10 per cent from the same time last year.
Over in Surrey-Cloverdale, new listings for detached houses were up slightly while active listings were down slightly compared to June 2025.
The benchmark price for a house was $1,354,500, down 6.5 per cent from last year.
The June 2026 benchmark price for a townhouse was $768,100, down 8.4 per cent, while the benchmark price for a condo was $518,600, down 9.4 per cent.
In Surrey-North, new listings for detached houses last month were down over 12 per cent and active listings were down over 11 per cent compared to the same time last year.
Last month’s benchmark price for a house was $1,278,300, a drop of almost 12 per cent.
Last month’s benchmark price for a townhouse and condo was $692,600 and $408,900 respectively, down almost nine and 12 per cent respectively.