As of mid-May 2026, the most recent complete market data for South Surrey and White Rock is the April board release -- and it told a notably positive story for the sub-region. Detached sales jumped 38.5 per cent, the detached benchmark moved up 1.3 per cent month-over-month to $1,740,600, and South Surrey/White Rock was the only Fraser Valley sub-region to post month-over-month benchmark gains across all three property types. Heading into the second half of May, that momentum sets the tone -- buyers still hold a structural advantage with 1,268 active listings and benchmark prices 4.8 to 8.2 per cent below a year ago, but the detached segment is the one to watch most closely.
The Fraser Valley Real Estate Board releases full May 2026 statistics in early June; this report will be updated when those numbers are published.
South Surrey and White Rock at a glance (most recent complete month)
- Detached: 72 sales in April 2026 (up 38.5% year-over-year, up 38.5% month-over-month). Benchmark price $1,740,600 -- up 1.3% from March, down 8.2% from April 2025. Active listings: 634 (up 3.3% year-over-year, up 9.5% month-over-month).
- Townhome: 44 sales in April 2026 (up 4.8% year-over-year, down 4.3% month-over-month). Benchmark price $878,200 -- up 1.1% from March, down 8.1% from April 2025. Active listings: 277 (down 4.5% year-over-year, essentially flat month-over-month at -0.4%).
- Apartment: 52 sales in April 2026 (down 27.8% year-over-year, up 18.2% month-over-month). Benchmark price $588,200 -- up 3.0% from March, down 4.8% from April 2025. Active listings: 357 (down 16.2% year-over-year, up 11.9% month-over-month).
Three things that defined April -- and shape how May is unfolding
1. Detached houses moved -- fast and in volume. The 38.5 per cent jump in detached sales versus both March and a year ago is not noise. Seventy-two transactions closed in a single month, the highest relative acceleration in the sub-region this spring. The benchmark price responding with a 1.3 per cent month-over-month gain suggests demand is starting to register on pricing, even with the year-over-year number still down 8.2 per cent. Sellers who had been sitting on the sidelines began entering: 265 new detached listings came to market in April, up 13.7 per cent from April 2025 and up 32.5 per cent from March. That listing flow is what May will be tested against -- whether buyer depth keeps pace with the new supply.
2. Apartments produced the strongest benchmark price gain of any segment. The apartment benchmark rose 3.0 per cent month-over-month to $588,200 -- the sharpest single-month move in the sub-region and the best one-month apartment performance in the entire Fraser Valley HPI table for April. Active apartment inventory fell 16.2 per cent year-over-year to 357 units, which is tightening supply relative to last year even as monthly sales came in below April 2025's pace of 72 sales. In May this is the segment where the supply/demand balance is the most stretched.
3. Townhome sales slipped slightly but pricing held. At 44 sales, townhomes were essentially flat year-over-year (up from 42) and dipped modestly from March's 46. The benchmark held firm and edged up 1.1 per cent month-over-month to $878,200. With active townhome inventory at 277 -- the lowest of any April in recent years for this segment -- townhomes remain a tightly supplied middle ground in the local market through May.
Fraser Valley context
Across the full Fraser Valley Real Estate Board area, April 2026 produced 1,118 total sales -- up 11 per cent from March and up 7.2 per cent year-over-year, the first year-over-year sales gain in more than a year. New listings reached 3,549, up 6.2 per cent from March. Total active inventory hit 9,816, which is 45 per cent above the 10-year seasonal average and keeps the overall sales-to-active ratio at 11 per cent -- firmly in buyer's market territory. The board-wide composite benchmark rose 0.1 per cent to $899,200. Average days to sell were 37 for detached homes, 32 for townhomes, and 42 for condos. South Surrey and White Rock are bucking the broader trend somewhat, with month-over-month benchmark gains in all three property types while most other FVREB sub-regions continued to soften.
What this means for buyers in May
The overall market still favours buyers -- inventory across all three segments in South Surrey and White Rock totals 1,268 active listings entering May, prices are 4.8 to 8.2 per cent below where they were a year ago, and there is no indication of a sudden supply crunch. That said, the detached segment is showing real momentum. If you are shopping for a house in the $1.7 million range, April's data is a signal that competition is building. The 38.5 per cent jump in sales volume with a simultaneous 1.3 per cent benchmark price increase suggests well-priced detached listings are not sitting around in May. Do not assume the leisurely pace of the past year continues at that price point.
For apartment buyers, the 3.0 per cent month-over-month benchmark gain is worth watching closely. The $588,200 benchmark is still down 4.8 per cent from a year ago, meaning you are buying at a real discount relative to 2025. Active inventory fell 16.2 per cent year-over-year to 357 units. That tightening, combined with improving price momentum, points to a window that may not stay open indefinitely. Townhome buyers have more breathing room -- 277 active listings, stable pricing, and modest transaction volume -- but the year-over-year inventory decline is a trend worth tracking each month.
What this means for sellers in May
If you are selling a detached home in South Surrey or White Rock, April's numbers were the most encouraging signal this sub-region has produced in over a year, and they set up May for continued activity. Seventy-two sales, a benchmark price that moved up 1.3 per cent in a single month, and an April average sale price of $2,017,591 -- up 11.2 per cent from March -- all point to renewed buyer interest at the top of the market. That does not mean you can ignore pricing discipline. The benchmark is still $154,600 below April 2025, and 265 new listings came to market in April alone, meaning your competition is also entering. Correct pricing from day one matters more than ever when buyers have options.
Apartment and townhome sellers should read the data carefully before assuming the detached momentum applies to them equally. Apartment sales were down 27.8 per cent year-over-year in April, even as the benchmark price rose. That combination -- fewer transactions, rising benchmark -- can reflect a shift in the mix of units selling rather than broad demand strength. With 357 active apartment listings and a year-over-year inventory decline, the supply side is improving, but sellers should still expect extended market times relative to the detached segment and price accordingly in May.
What we expect through May and June
The spring market is real this year, not a head-fake. Detached sales momentum in South Surrey and White Rock, paired with board-wide year-over-year sales growth for the first time in over a year, suggests May and June will see continued buyer activity. The question is whether new listing supply -- which jumped 32.5 per cent month-over-month for detached homes in April -- will absorb that demand and keep prices roughly flat, or whether the sales-to-listings ratio tightens enough to produce another modest benchmark increase. Given that the broader Fraser Valley sales-to-active ratio sits at 11 per cent and the sub-region's detached inventory rose 9.5 per cent month-over-month, a sustained price surge is unlikely. Expect continued measured improvement rather than a shift to a seller's market.
For apartments, the 3.0 per cent monthly benchmark gain and the 16.2 per cent year-over-year inventory decline are the metrics to watch through May. If apartment sales recover toward last year's pace -- April 2025 saw 72 apartment sales versus this April's 52 -- the combination of lower inventory and rising demand could sustain price gains into the summer. Townhomes are likely to remain the most stable segment: supply is limited, demand is steady, and pricing has not shown the volatility seen in detached or the catch-up dynamic appearing in apartments. The broader economic uncertainty flagged by the FVREB board chair remains a real ceiling on buyer confidence across all segments.
Sub-area inventory snapshot (entering May)
- Detached: 634 active listings (up 3.3% year-over-year; up 9.5% month-over-month)
- Townhome: 277 active listings (down 4.5% year-over-year; down 0.4% month-over-month)
- Apartment: 357 active listings (down 16.2% year-over-year; up 11.9% month-over-month)
- Total: 1,268 active listings across all residential types
Source and update schedule
The hard numbers in this report are drawn from the Fraser Valley Real Estate Board's Statistics Package for April 2026, which is the most recent complete monthly data available. Benchmark prices are MLS Home Price Index figures. Sub-region data is drawn from the White Rock / South Surrey rows of the MLS Summary tables. The May 2026 statistics package is released by FVREB in early June 2026, and this page will be refreshed with May numbers at that time.
If you are buying or selling in South Surrey or White Rock and want to know how these numbers apply to a specific property or neighbourhood, contact Vantage Real Estate Group for a free consultation. We work exclusively in this sub-region and can walk you through what the data means for your situation.