November reflected what we typically see at this point in the year: buyer activity easing, new listings slowing, and inventory remaining elevated across the Fraser Valley. Prices gently adjusted month-over-month, but negotiation power remains firmly in the hands of buyers.
Across The Fraser Valley
Despite easing Benchmark prices and higher-than-normal inventory levels, buyer activity slowed across the Fraser Valley in November, aligning with typical seasonal patterns.
The Fraser Valley Real Estate Board processed 943 MLS® sales in November, representing a 16% decline from October and a 17% decrease compared to November of last year.
While total inventory dipped 9% from October, the region continues to offer buyers significantly more choice than usual, ending the month with 9,201 active listings - 47% above the 10-year seasonal average, which historically sits far lower at this time of year.
The Fraser Valley continues to sit in a buyer’s market, closing November with a 10% sales-to-active listings ratio - slightly lower than October, and below the 12–20% range that typically signals balanced market conditions.
Jon's Take
"A small but significant detail worth highlighting this month: unlike the broader seasonal softening across the Fraser Valley Real Estate Board region, Benchmark prices for detached homes in Surrey climbed 0.4% in November. That tells a story.
This late-year uptick could mean detached demand in Surrey has found early footing, indicating continued price resilience as we open 2026. Moving forward, we may see inventory gradually absorb through winter as serious buyers and upsizers position themselves ahead of the January-to-spring momentum."
- Jon Pereira | RE/MAX
Thanks for reading and engaging with this year’s updates - your trust and attention mean everything.
If you're planning a move in 2026, the winter market can be a smart advantage for buyers and sellers in Surrey. As always, I’m here to guide you through it - I’m only a call away.
Wishing you a warm holiday season, a joyful Christmas, and a strong start to 2026.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.