Tri-Cities Real Estate Market Update

The Metro Vancouver market showed encouraging signs of improvement in June, with home sales rising across detached, townhouse, and condo markets compared to the same time last year. While buyer activity increased, inventory remains well above historical averages, giving purchasers plenty of choice and helping keep prices relatively stable.

Although demand is strengthening, it's not yet outpacing supply. Buyers continue to benefit from a balanced market with more negotiating power than we've seen in recent years, while sellers are seeing renewed interest from motivated purchasers.

For both buyers and sellers, today's market continues to reward realistic expectations, strategic pricing, and local market expertise.

GREATER VANCOUVER SNAPSHOT

According to Greater Vancouver REALTORS®, residential sales increased 9.6% year-over-year in June, marking one of the first months in recent years where all major property types recorded annual sales growth. Despite the improvement, sales remained below the 10-year seasonal average.

The region finished June with 17,017 active listings, approximately 30% above the 10-year average, while new listings declined by 6% compared to last year. The sales-to-active listings ratio increased to 14.6%, keeping Metro Vancouver in balanced market territory.

Benchmark pricing across all property types remained largely unchanged month-over-month, with the composite benchmark price sitting at $1,099,100, down 6% from June 2025.

 

Takeaway: Buyers continue to have the advantage, while sellers who price strategically are still attracting qualified buyers.

 

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Coquitlam | June 2026 Real Estate Overview

Buyer activity improved throughout June, while inventory remained healthy across detached, townhouse, and condo markets. Detached homes have been the most resilient property type, although buyers continue to enjoy more choice than in recent years..

 

Takeaway: Growing buyer confidence is encouraging, but elevated inventory continues to keep the market balanced.

 

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Port Coquitlam | June 2026 Real Estate Overview

Port Coquitlam remained one of the more balanced markets in the Tri-Cities during June. Detached homes continue to outperform other property types, while buyers benefit from steady inventory and improved affordability compared to recent years.

 

Takeaway: Balanced market conditions continue to create opportunities for both buyers and sellers.

 

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Maple Ridge | June 2026 Real Estate Overview

Maple Ridge continues to attract buyers looking for more space and value. Inventory remains healthy, giving purchasers a wide range of options while prices remain below last year's levels.

 

Takeaway: Buyers continue to benefit from strong selection and greater negotiating power, while well-priced homes continue to attract interest.

 

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Pitt Meadows | June 2026 Real Estate Overview

Pitt Meadows remains an attractive option for buyers seeking a quieter community with excellent access to the rest of Metro Vancouver. Inventory remains balanced while steady demand continues to support market activity.

 

Takeaway: Buyers continue to enjoy good selection, while sellers who prepare and price their homes well remain well-positioned.

 

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WHAT THIS MEANS FOR YOU

For Buyers
June brought encouraging signs that more buyers are returning to the market, but inventory remains high enough to keep conditions favourable. That means more homes to choose from, less competition than we've seen in recent years, and greater flexibility when negotiating.

If you've been waiting for the right time to buy, today's balanced market continues to offer opportunities that were difficult to find during the highly competitive market of 2021 and 2022.

 

For Sellers
Buyer activity is improving, but today's buyers remain informed and selective. With plenty of inventory available, pricing your home correctly and presenting it well are more important than ever.

The positive news is that motivated buyers are still making moves. Homes that are professionally marketed, thoughtfully presented, and priced in line with current market conditions continue to achieve strong results.

 

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READY FOR A CUSTOMIZED STRATEGY?

This June update reflects a market that is gradually gaining momentum without becoming overheated. Buyers continue to enjoy more choice and negotiating power, while sellers are beginning to benefit from increasing demand. If current trends continue—with buyer activity rising and new listings slowing—we could see inventory tighten and competition gradually increase through the second half of the year.

 

Whether you're considering a move, comparing neighbourhoods, or simply keeping an eye on the market, your situation is unique. Understanding what's happening in your specific community can make all the difference when it comes to timing your next move.

 

Let's talk about your goals and create a strategy that's tailored to today's market.

 

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• Kyle Lamb, PREC
  kyle@kylelambrealestate.com
  604-818-2080