Surrey House Market Report – October 2021

In October 2021, the Surrey house real estate market is classified as a Buyer's Market with an absorption rate of 7.5%. 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.

369 house properties sold in Surrey during October 2021 based on MLS® records. There were 4,890 active listings at the start of the month. A total of 442 new listings came to market during the month.

The average house sold price in Surrey in October 2021 was $1,790,176. Sold prices ranged from $463,000 to $8,300,000. Data is sourced from MLS® board records.

In October 2021, house properties in Surrey averaged 29 days on the market before selling. With an absorption rate of 7.5%, 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 October 2021 was $1,790,176, up 36.5% year-over-year compared to October 2020 ($1,311,712). Sales volume was down 29.8% compared to the same month last year. Data is sourced from MLS® sold records.