South Surrey & Langley Real Estate Market Update – August 2025

The South Surrey and Langley real estate markets saw shifting conditions this past month as prices eased and inventory stayed high, creating more opportunities for buyers.

Market Overview 

Across the Fraser Valley, home sales dropped 22% from July and 13% compared to August 2024. Active listings remain elevated with over 10,400 homes available, pushing the sales-to-active listings ratio down to 9%, well into buyer’s market territory.

For buyers, this means more selection, less pressure, and room to negotiate. For sellers, it signals the need for competitive pricing to attract serious offers.

South Surrey & White Rock

• Sales: Detached home sales dropped 40% year-over-year, while townhome sales held steady and condo sales increased slightly.

• Prices: Detached homes posted a benchmark price of $1,795,500, down 8.7% from August 2024. Townhomes averaged $921,200 (-5.0%), and condos sat at $588,600 (-5.7%).

• Inventory: Listings grew 17–25% across all property types, giving buyers more choice.

South Surrey remains one of the region’s higher-priced markets, but with prices sliding and days on market extending, buyers are in a stronger position than they’ve been in years. Explore current listings: South Surrey homes under $1.8M.

Langley

• Sales: Detached sales dipped 4% compared to last year, while condo sales dropped sharply (-44%). Townhome sales actually increased by 14% year-over-year.

• Prices: Detached homes carried a benchmark of $1,590,800 (-3.4% year-over-year). Townhomes were at $848,100 (-4.1%), and condos came in at $589,500 (-3.6%).

• Inventory: Active listings surged across all property types, with condos up more than 30% compared to August 2024.

Langley’s balanced mix of detached, townhome, and condo inventory makes it attractive for a wide range of buyers, especially those seeking affordability compared to South Surrey. View available options here: Langley homes under $1.8M.

What This Means for Buyers and Sellers

• Buyers: Conditions clearly favour you. With rising inventory and softening prices, now is the time to explore options and make offers with confidence.

• Sellers: Pricing strategically is key. Homes that are priced in line with today’s market trends are the ones drawing attention and offers.

Both South Surrey and Langley are firmly in buyer’s market territory. Detached homes in South Surrey are seeing the steepest price corrections, while Langley’s townhouse segment shows relative resilience. Heading into fall, motivated buyers will have excellent opportunities to secure homes at more competitive prices.

For any questions about buying or selling in today’s market, please contact Jared Gibbons, your top local South Surrey & Langley Realtor.