Tri-Cities Real Estate Market Update
July 2026 Tri-Cities Market Update: Sales Slow as Buyers Retain More Choice
This page is updated monthly with the latest Tri-Cities real estate statistics
Metro Vancouver home sales slowed in July, reversing the increase recorded in June. Sales declined across all major property types compared to last year, with apartment sales experiencing the largest decrease.
New listings also fell, continuing the recent slowdown in the number of sellers entering the market. Although overall inventory has started to decline, the number of available homes remains well above the long-term seasonal average. This continues to give buyers more choice while limiting significant price movement in either direction.
For buyers, current conditions provide more time to compare properties and negotiate. For sellers, accurate pricing, strong presentation, and a strategy tailored to the local market remain essential.
GREATER VANCOUVER SNAPSHOT
According to Greater Vancouver REALTORS®, residential sales decreased 9.8% year over year in July, with 2,061 homes sold across the region. Sales were also 18.6% below the 10-year seasonal average.
Metro Vancouver finished July with 16,476 active listings, approximately 27% above the 10-year seasonal average. However, active inventory was down 4% from July 2025, while new listings declined 11.5% year over year.
The sales-to-active listings ratio was 13%, placing the overall market near the lower end of balanced conditions. By property type, the ratio was 10.5% for detached homes, 15.8% for townhomes, and 14% for apartments.
The composite benchmark price was $1,088,800, down 0.9% from June and 6.2% from July 2025.
"Over the past few years, the sales activity story has often been one step forward, one step back, and the June and July data are a prime example of this pattern."— Greater Vancouver REALTORS®
LOCAL MARKET HIGHLIGHTS
Port Moody | July 2026 Real Estate Overview
Port Moody recorded stronger detached and attached sales in July compared to June, while apartment sales edged lower. Benchmark prices remained below last year across all three property types, although the detached benchmark increased during the month.
Coquitlam | July 2026 Real Estate Overview
Coquitlam sales slowed across detached, attached, and apartment properties in July compared to June. Benchmark prices also moved lower during the month, with townhomes recording the largest monthly decline.
Port Coquitlam | July 2026 Real Estate Overview
Port Coquitlam’s detached market strengthened in July, with sales increasing from 10 in June to 18 in July. Attached and apartment sales declined, while benchmark prices moved lower across all three property types.
Maple Ridge | July 2026 Real Estate Overview
Maple Ridge benchmark prices remained below July 2025 across all three property types. Across the combined Maple Ridge and Pitt Meadows activity area, detached sales increased in July, while attached and apartment sales declined from June.
Pitt Meadows | July 2026 Real Estate Overview
Pitt Meadows benchmark prices remained below last year across detached, townhouse, and apartment properties. Detached homes recorded the smallest annual price decline, while townhouse and condo benchmarks showed larger year-over-year decreases.
WHAT THIS MEANS FOR YOU
July’s slower sales and above-average inventory continue to create opportunities for buyers. There are more homes available than during the highly competitive markets of recent years, providing greater flexibility to compare properties, complete due diligence, and negotiate terms.
Benchmark prices have also moved lower compared to last year. However, conditions vary significantly by city, neighbourhood, and property type. Port Moody’s attached market, for example, experienced stronger activity in July, while other segments across the Tri-Cities softened.
If you have been waiting for a market with more selection and less urgency, current conditions may provide an opportunity to make a thoughtful move.
Sales slowed across the wider Metro Vancouver market in July, and buyers remain informed and selective. With inventory still above the long-term seasonal average, sellers need to compete carefully for buyer attention.
Pricing your home correctly from the beginning is important. Homes that are professionally marketed, thoughtfully presented, and positioned according to current local conditions are more likely to attract qualified buyers.
Fewer new listings are coming to market, which may gradually reduce competition if the trend continues. However, sellers should remain realistic about pricing, preparation, and expected timelines.
July’s results show that the increase in activity seen in June did not develop into sustained summer momentum. Sales declined across Metro Vancouver, but fewer new listings also came to market, contributing to an early reduction in overall inventory.
For now, buyers continue to benefit from above-average selection and greater negotiating flexibility. Sellers are navigating a market where pricing, preparation, and local positioning matter.
The overall sales-to-active listings ratio remains within balanced territory, but conditions differ considerably by property type. Detached homes are experiencing softer demand relative to available inventory, while townhomes and apartments remain more balanced across the wider region.
Whether you’re considering a move, comparing neighbourhoods, or simply keeping an eye on the market, your situation is unique. Understanding what is happening in your specific community and property type can make all the difference when deciding when and how to move.
Let’s talk about your goals and create a strategy tailored to today’s market.
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