Surrey & Cloverdale Real Estate Market Update
September 2026 Surrey & Cloverdale Market Update: More Choice and Softer Prices for Buyers
This page is updated monthly with the latest Surrey, Cloverdale, Langley, and South Surrey real estate statistics.
Fraser Valley buyers remained cautious in September, despite lower prices and plenty of choice. Sales edged down from August and last year, while new listings increased as sellers returned after the summer.
Inventory remained above seasonal norms, and benchmark prices continued to ease across all major property types. The Fraser Valley remained in buyer’s market territory.
Local conditions were mixed. White Rock/South Surrey recorded stronger detached and townhouse sales, while North Surrey sales declined across all three property types. For sellers, accurate pricing and strong presentation remain essential.
FRASER VALLEY SNAPSHOT
The Fraser Valley Real Estate Board recorded 922 sales in September, down 2% from August and 4.2% from September 2025.
There were 9,763 active listings, down 0.2% from August but still 31% above the 10-year seasonal average.
New listings totalled 2,818, up 18.8% from August and down 18.2% year over year. The seasonal increase in listings was not matched by stronger overall sales.
The composite benchmark price was $861,300, down 1% from August and 7.2% from September 2025.
By property type:
- Detached benchmark: $1,300,000, down 8.8% year over year
- Townhouse benchmark: $745,300, down 6.2% year over year
- Condo benchmark: $461,800, down 9.3% year over year
Homes took an average of 45 days to sell for detached properties, 38 days for townhouses, and 46 days for condos.
LOCAL MARKET HIGHLIGHTS
Cloverdale | September 2026 Real Estate Overview
Cloverdale recorded 32 detached sales, 28 townhouse sales, and nine condo sales. Detached and townhouse sales were below last year, while condo sales increased from seven to nine. Compared to August, townhouse sales rose, while detached and condo sales declined.
Detached benchmark prices fell 1.7% from August to $1,317,200, while townhouses declined 0.4% to $754,300. The condo benchmark edged up 0.2% to $506,700, although all three benchmarks remained below last year.
Takeaway: Townhouse activity improved from August, while condo prices edged higher. Conditions remain mixed, and the small number of condo sales means percentage changes should be interpreted carefully.
White Rock/South Surrey | September 2026 Real Estate Overview
Detached and townhouse sales strengthened compared to both August and last year. There were 60 detached sales, up 46.3% year over year, and 47 townhouse sales, up 62.1%. Condo sales totalled 43, down 12.2% from last year.
Benchmark prices declined from August across all three property types. Detached homes were $1,612,500, down 7.4% year over year; townhouses were $797,100, down 11.2%; and condos were $544,400, down 7.7%.
Takeaway: Stronger detached and townhouse sales did not translate into rising benchmark prices. Buyers should assess competition for individual homes rather than assuming every segment is equally slow.
Langley | September 2026 Real Estate Overview
Langley recorded 64 detached sales, 61 townhouse sales, and 67 condo sales. Detached sales were down 5.9% year over year, while townhouse and condo sales increased modestly by 3.4% and 1.5%.
Benchmark prices declined from August across all three property types. Detached homes were $1,471,100, down 6.7% year over year; townhouses were $802,600, down 4.4%; and condos were $525,900, down 9.2%.
Takeaway: Townhouse and condo sales held up slightly better than last year, but prices continued to soften. Condos recorded the largest annual benchmark price decline.
North Surrey | September 2026 Real Estate Overview
North Surrey sales declined compared to both August and last year across detached homes, townhouses, and condos. September recorded 28 detached sales, five townhouse sales, and 49 condo sales.
Benchmark prices also moved lower from August across all three property types. Detached homes were $1,252,600, townhouses were $680,400, and condos were $398,900, with each benchmark remaining below September 2025.
Takeaway: Lower sales and softer prices continue to provide negotiating flexibility for buyers. Sellers should pay close attention to competing properties and recent comparable sales.
Surrey Central | September 2026 Real Estate Overview
The board’s Surrey–Central area recorded 56 detached sales, up 24.4% compared to both August and last year. Townhouse sales totalled 47, down 25.4% year over year. Condo sales rose from nine in August to 13 in September, but remained below the 22 recorded last September.
The detached benchmark declined 1.4% from August to $1,304,100. Townhouses edged up 0.2% to $749,600, while condos declined 0.6% to $460,200. All three benchmarks remained below last year.
Takeaway: Detached sales strengthened and townhouse prices edged higher, while condo prices continued to ease. The local picture differs considerably by property type.
WHAT THIS MEANS FOR YOU
For Buyers
Above-average inventory and lower benchmark prices continue to give Fraser Valley buyers choice and flexibility. Depending on the property, buyers may have room to negotiate price, dates, and other terms while allowing time for due diligence.
However, regional conditions do not describe every neighbourhood or listing. White Rock/South Surrey recorded stronger detached and townhouse sales, and Surrey Central detached activity also improved.
Compare recent sales and available alternatives within your target community, property type, and budget. A slower regional market does not guarantee that every home will attract limited interest.
For Sellers
Buyers have plenty of options, and the September increase in new listings brought fresh competition. Pricing should reflect current comparable sales and the homes buyers can choose from today.
Professional presentation and effective marketing can help communicate your home’s value. Be prepared to review buyer feedback, competing listings, and your expected timeline as the market evolves.
Some local segments recorded stronger sales, but prices generally remained below last year. Improved activity should not be treated as evidence that every seller can achieve a higher price.
LET’S TALK STRATEGY
September’s results show that more choice and lower prices have not yet brought a broad rebound in Fraser Valley sales. Buyers remain cautious, inventory is above seasonal norms, and prices continue to soften.
At the same time, stronger sales in parts of South Surrey and Central Surrey show why local details matter. A strategy for a detached home in one community may differ considerably from a strategy for a condo in another.
Whether you’re buying, selling, downsizing, upsizing, or simply monitoring the market, let’s discuss what today’s conditions mean for your plans.
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Source: Fraser Valley Real Estate Board, September 2026 statistics package. Benchmark prices represent typical properties and are not valuations of individual homes.
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