Cloverdale BC, Surrey Townhouse Market Report – May 2021

In May 2021, the Cloverdale BC, Surrey townhouse real estate market is classified as a Strong Seller's Market with an absorption rate of 31.5%. It is currently a strong seller's market in Cloverdale BC, Surrey, meaning high demand and low supply. Buyers face competition and should be prepared to act quickly. Always consult a licensed REALTOR® to assess your specific situation.

35 townhouse properties sold in Cloverdale BC, Surrey during May 2021 based on MLS® records. There were 111 active listings at the start of the month. A total of 44 new listings came to market during the month.

The average townhouse sold price in Cloverdale BC, Surrey in May 2021 was $744,981. Sold prices ranged from $510,000 to $1,198,000. Data is sourced from MLS® board records.

In May 2021, townhouse properties in Cloverdale BC, Surrey averaged 10 days on the market before selling. With an absorption rate of 31.5%, the market is currently a Strong Seller's Market. A lower average days-on-market indicates stronger demand.

The average townhouse sold price in Cloverdale BC, Surrey in May 2021 was $744,981, up 33.2% year-over-year compared to May 2020 ($559,250). Sales volume was up 775% compared to the same month last year. Data is sourced from MLS® sold records.