Surrey Townhouse Market Report – March 2022

In March 2022, the Surrey townhouse real estate market is classified as a Balanced Market with an absorption rate of 13.8%. 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.

328 townhouse properties sold in Surrey during March 2022 based on MLS® records. There were 2,384 active listings at the start of the month. A total of 730 new listings came to market during the month.

The average townhouse sold price in Surrey in March 2022 was $979,128. Sold prices ranged from $237,500 to $1,860,000. Data is sourced from MLS® board records.

In March 2022, townhouse properties in Surrey averaged 13 days on the market before selling. With an absorption rate of 13.8%, the market is currently a Balanced Market. A lower average days-on-market indicates stronger demand.

The average townhouse sold price in Surrey in March 2022 was $979,128, up 29.7% year-over-year compared to March 2021 ($754,965). Sales volume was down 35.8% compared to the same month last year. Data is sourced from MLS® sold records.