Surrey Real Estate Market Update – May 2025

What's Happening in Surrey's Housing Market Right Now?

As of June 2025, the Surrey real estate market continues to show signs of resilience and stability, with subtle shifts that both buyers and sellers should take note of.

Key Market Highlights for May 2025:

• Benchmark Price (Detached): $1,498,000 (up 2.3% year-over-year)
• Benchmark Price (Townhomes): $842,000 (steady month-over-month)
• Benchmark Price (Condos): $612,000 (slightly down from last month)
• Sales Activity: Moderate with balanced demand across most property types
• Inventory: Slowly increasing, giving buyers more selection

What This Means for Home Buyers

With interest rates holding steady and inventory rising, buyers in Surrey have more negotiating power and choice than they did in previous months. However, well-priced properties are still moving quickly, especially in family-friendly neighborhoods like Fleetwood, Clayton Heights, and South Surrey.

Tip: Get pre-approved and act fast on competitively priced homes. The summer season is competitive but manageable with the right guidance.

What This Means for Home Sellers

While the market isn't as frenzied as 2021–2022, strategic pricing and staging are more important than ever. Homes in prime condition are still attracting multiple offers, particularly in sought-after school zones and transit-accessible areas.

Tip: First impressions count — professional photos, accurate pricing, and curb appeal can significantly boost your results.

Areas to Watch in Surrey:

• Grandview Heights: Continued demand due to new schools and infrastructure
• Surrey City Centre: Investment potential with ongoing development
• Newton & Panorama Ridge: Attracting first-time buyers and investors

Looking Ahead: Summer 2025 Forecast

Expect steady activity over the next few months, with pricing remaining relatively stable. Surrey's real estate market is showing signs of balance — creating opportunities for both buyers and sellers.

Ready to Make a Move?

Whether you’re buying your first home, upgrading, or thinking about selling, I’m here to help you navigate the Surrey housing market with clarity and confidence.

Let’s talk strategy — contact me today for a personalized market consultation.