Surrey & Cloverdale Real Estate Market Update

by James Anderson

March 2026 Surrey & Cloverdale Market Update: Early Signs of Stabilization

This page is updated monthly with the latest Tri-Cities real estate statistics.

After nearly a year of steady price declines, the market across Surrey, Cloverdale, Langley, and South Surrey/White Rock is showing early signs of stabilizing. For the first time in 11 months, benchmark prices edged up slightly month-over-month. While buyer caution still lingers, the increase in new listings and stabilizing prices are presenting a unique window for those looking to enter the market before the busier spring season.

FRASER VALLEY SNAPSHOT

The Fraser Valley Real Estate Board recorded 1,007 home sales in March, representing a 20% increase from February but 3% below the same month last year. New listings also saw a 20% jump to 3,341, as more sellers looked to get ahead of the spring market. Total active inventory remains elevated at 6,197 homes, up 25% compared to March 2025.

With a sales-to-active listings ratio of 16%, the region is currently in balanced market territory, though it remains just on the edge of a buyer's market.

“We’re encouraged to see early signs of prices levelling off in the Fraser Valley. With more selection available and prices stabilizing, this market is presenting a rare window for buyers.”

— Fraser Valley Real Estate Board

LOCAL MARKET HIGHLIGHTS

Cloverdale | March 2026 Real Estate Overview

Infographic showing Cloverdale real estate market stats for October 2025 including benchmark prices for detached homes ($1,429,300), townhomes ($798,100), and condos ($551,900), with year-over-year price changes, active listings, and total sales. for March 2026

Takeaway: This segment continues to show resilience. While buyer selectivity is high, the slight month-over-month increase in benchmark prices suggests that the period of significant price softening may be nearing an end for this premium market.

South Surrey/White Rock | March 2026 Real Estate Overview

Infographic showing South Surrey / White Rock real estate market stats for October 2025 including benchmark prices for detached homes ($1,754,000), townhomes ($879,100), and condos ($581,300), with year-over-year price changes, active listings, and total sales for March 2026.

Langley | March 2026 Real Estate Overview

Infographic showing Langley real estate market stats for October 2025 including benchmark prices for detached homes ($1,551,600), townhomes ($833,000), and condos ($578,000), with year-over-year price changes, active listings, and total sales for March 2026.

Takeaway: Langley remains one of the most active hubs in the region. The 20% boost in monthly sales volume indicates that buyers are responding to the improved inventory and the leveling of prices in both detached and townhouse segments.

North Surrey | March 2026 Real Estate Overview

Infographic showing North Surrey real estate market stats for October 2025 including benchmark prices for detached homes ($1,386,700), townhomes ($710,500), and condos ($439,600), with year-over-year price changes, active listings, and total sales for March 2026.

Takeaway: North Surrey continues to attract interest for its transit accessibility. Buyers are taking advantage of the increased inventory, and homes that show well are beginning to see faster decision timelines than in previous months.

Surrey Central | March 2026 Real Estate Overview

Infographic showing Surrey Central real estate market stats for October 2025 including benchmark prices for detached homes ($1,426,800), townhomes ($780,700), and condos ($532,600), with year-over-year price changes, active listings, and total sales for March 2026..

Takeaway: The condo and townhome market in Surrey Central is benefiting from improving affordability. As prices level off, we are seeing a steady flow of first-time buyers returning to the market to compare the growing number of listings.

WHAT THIS MEANS FOR YOU

For Buyers
The "wait-and-see" period is shifting. With benchmark prices edging up for the first time in nearly a year, the window of maximum price softening may be closing. You still have excellent selection and more negotiating room than in a typical spring market, but the stabilization suggests now is the time to finalize your pre-approvals and move on the right opportunity.

For Sellers
The increase in new listings means competition is growing. While prices have leveled off, buyers remain cautious and price-sensitive. To succeed this spring, your home must be "market-ready"—this means professional staging, accurate pricing based on the most recent March data, and a strategic marketing plan to stand out among the 25% increase in total inventory.

LET'S TALK STRATEGY

Real estate is hyper-local. If you're considering a move in Cloverdale, Surrey, or Langley, or just want clarity on your home's current value—let's connect. With deep knowledge of the community and today’s trends, I can help you make informed, confident decisions.

—

James Anderson, PREC
james@kylelambrealestate.com
604-619-4523