Surrey Townhouse Market Report – July 2021

In July 2021, the Surrey townhouse real estate market is classified as a Balanced Market with an absorption rate of 15.4%. The market in Surrey is currently balanced. Both buyers and sellers have reasonable negotiating positions. Always consult a licensed REALTOR® to assess your specific situation.

308 townhouse properties sold in Surrey during July 2021 based on MLS® records. There were 2,005 active listings at the start of the month. A total of 330 new listings came to market during the month.

The average townhouse sold price in Surrey in July 2021 was $741,383. Sold prices ranged from $352,000 to $1,275,000. Data is sourced from MLS® board records.

In July 2021, townhouse properties in Surrey averaged 15 days on the market before selling. With an absorption rate of 15.4%, the market is currently a Balanced Market. A lower average days-on-market indicates stronger demand.

The average townhouse sold price in Surrey in July 2021 was $741,383, up 17.4% year-over-year compared to July 2020 ($631,593). Sales volume was down 8.6% compared to the same month last year. Data is sourced from MLS® sold records.