May 2025 Real Estate Market Update | Surrey & Cloverdale

Posted on Jun 04, 2025 in Market Update

May Brings a Modest Boost—But Buyers Still Hold the Advantage in Surrey & Cloverdale

After a quieter April, May brought a small but welcome lift to the Fraser Valley real estate market. In Surrey and Cloverdale, this translated to slightly more sales activity—though buyers remain firmly in the driver’s seat. Neighbourhoods like Clayton Heights, Fleetwood, and Panorama Ridge continue to see steady interest, but with so many listings available, buyers are taking their time. They're comparing options carefully, negotiating on price, and waiting for the right fit. Sellers are having to work harder to stand out, especially in a market where price sensitivity is high.Whether you're thinking of buying, selling, or just staying informed, it’s important to understand how the broader market shift is affecting local communities like Surrey and Cloverdale.

Fraser Valley Snapshot

The Fraser Valley Real Estate Board reported 1,183 home sales in May—up 13% from April, but still 22% below May 2024. Inventory keeps rising, with over 10,600 homes on the market—giving buyers more choice than they’ve had in years.Although prices dipped slightly across the board, the market remains stable overall. With a sales-to-active listings ratio of just 11%, conditions still clearly favour buyers.

Homes priced appropriately for today’s market are selling, while sellers who aren’t in a rush are choosing to hold off or wait for better conditions.”
— Tore Jacobsen, Chair of the Fraser Valley Real Estate Board

How This Is Playing Out in Surrey & Cloverdale

Surrey and Cloverdale continue to reflect regional trends:
  • Detached listings are holding steady, with more breathing room for upsizers and first-time house hunters.
  • Townhomes are slower to move unless they’re well-priced and in move-in ready condition.
  • Condos in Surrey Central and Newton remain popular thanks to affordability and transit access.
  • Sellers are having to rethink their pricing strategies to stay competitive in today’s slower-paced market.

Segment Breakdown


DETACHED HOMES
  • Active Listings: 3,851
  • Sales: 405 (↓ 23.7% vs. May 2024)
  • Benchmark Price: $1,481,900
  • Average Days on Market: 34
Detached home sales picked up slightly from April but remained well below last year. In Surrey and Cloverdale, buyers have more options and more time to make decisions. Prices dipped slightly, and homes are taking longer to sell—putting added pressure on sellers to price competitively and show well.

TOWNHOMES
  • Active Listings: 1,831
  • Sales: 309 (↓ 15.8%)
  • Benchmark Price: $832,800
  • Average Days on Market: 27
The townhome market saw moderate activity in May. Areas like Clayton Heights and South Surrey continue to attract interest, but the pace has slowed. With growing inventory and cautious buyers, well-maintained and fairly priced townhomes are performing best.

APARTMENTS
  • Active Listings: 2,603
  • Sales: 341 (↓ 23.7%)
  • Benchmark Price: $532,700
  • Average Days on Market: 33
Condos continue to lead in sales volume, particularly in urban hubs like Surrey Central and Newton. Benchmark pricing eased slightly, but the mix of affordability, location, and inventory makes this segment attractive to both first-time buyers and investors.


For more detailed data, visit the official Fraser Valley Real Estate Board.

Cloverdale + Surrey Stats

Infographic showing May 2025 real estate data for Cloverdale and White Rock/South Surrey. Includes benchmark prices, year-over-year changes, active listings, and total sales for detached homes, townhouses, and condos. Data sourced from the Fraser Valley Real Estate Board.Infographic showing May 2025 real estate data for Surrey Central and North Surrey. Includes benchmark prices, year-over-year changes, active listings, and total sales for detached homes, townhouses, and condos. Data sourced from the Fraser Valley Real Estate Board.

What This Means for You

If you’re buying in Surrey or Cloverdale, now may be the ideal time to make a move. With more homes on the market, stable prices, and fewer bidding wars, you have the flexibility to take your time, compare options, and negotiate with confidence.

For sellers, the message is clear: pricing and presentation matter more than ever. With increased competition, homes that are accurately priced and professionally marketed are the ones getting attention. Partnering with a local expert can make all the difference in helping your property stand out.

Let’s Talk Strategy

Real estate in Surrey and Cloverdale is about more than just numbers—it’s about timing, preparation, and having the right guidance to meet your goals. As someone who lives and works in the community, I bring local insight and real-world experience to help you navigate this shifting market with clarity and confidence.

📞 Have questions? Let’s connect.
Whether you're wondering about your home's value, considering a move, or just want to understand what's happening in your neighbourhood, I'm here to help.

— James Anderson, PREC

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