Surrey House Market Report – July 2023

In July 2023, the Surrey house real estate market is classified as a Buyer's Market with an absorption rate of 1.7%. Conditions may favour buyers — there is relatively more supply than demand, giving buyers more choice and negotiating room. Always consult a licensed REALTOR® to assess your specific situation.

182 house properties sold in Surrey during July 2023 based on MLS® records. There were 10,526 active listings at the start of the month. A total of 581 new listings came to market during the month.

The average house sold price in Surrey in July 2023 was $1,730,907. Sold prices ranged from $740,000 to $10,100,000. Data is sourced from MLS® board records.

In July 2023, house properties in Surrey averaged 21 days on the market before selling. With an absorption rate of 1.7%, the market is currently a Buyer's Market. A lower average days-on-market indicates stronger demand.

The average house sold price in Surrey in July 2023 was $1,730,907, up 5.6% year-over-year compared to July 2022 ($1,639,259). Sales volume was up 42.2% compared to the same month last year. Data is sourced from MLS® sold records.