Patti Martin Team - Vancouver Real Estate Podcast

June 2026 Market update - 17,000 Homes for Sale: What Happens Next in Vancouver Real Estate?

Metro Vancouver Market Update | June 2026A Balanced Market Heads Into Summer:The Metro Vancouver housing market continued its steady trend in May, with sales activity remaining below historical averages while inventory levels stayed elevated.A total of 2,150 homes sold across Metro Vancouver in May, down 3.5% compared to the same month last year. While detached home sales were slightly higher than a year ago, slower condo sales pulled overall market activity lower.The good news for buyers is that there continues to be plenty of choice. Active listings remain approximately 35% higher than the 10-year average, giving buyers more opportunities and less competition than we've seen in recent years.For sellers, the market remains active, but strategic pricing is more important than ever. Buyers have options and are taking their time before making decisions.The Story of Three Markets:🏠 Detached Homes Showing StabilityDetached homes were the strongest-performing segment in May. Sales were up slightly from last year, and prices edged higher compared to April.Benchmark Price: $1,847,900Year-over-Year Change: -6.9%Month-over-Month Change: +0.4%For homeowners, this is another sign that the detached market may be finding its footing after several years of adjustment.🏘️ Townhomes Continue to Hold Their ValueTownhomes remain a popular option for growing families looking for more space without the price tag of a detached home.Benchmark Price: $1,048,200Year-over-Year Change: -5.1%Month-over-Month Change: +0.5%Strong demand and limited supply continue to support this segment.🏢 Condos Remain the Softest MarketThe condo market was the weakest segment in May, with sales declining more than 7% compared to last year.Benchmark Price: $697,800Year-over-Year Change: -7.9%Month-over-Month Change: -0.7%While this creates challenges for some sellers, it may present opportunities for first-time buyers looking to enter the market.What Does This Mean for Buyers?✔ More inventory means more choice.✔ Less competition than previous spring markets.✔ Greater ability to negotiate on price and terms.✔ Some of the best opportunities are currently found in the condo market.What Does This Mean for Sellers?✔ Well-priced homes continue to sell.✔ Buyers are taking longer to make decisions.✔ Presentation and pricing are critical.✔ Detached and family-oriented homes remain in demand.Looking AheadThe overall market remains balanced, with no major signs pointing toward a significant increase or decrease in prices over the coming months.The combination of steady demand and healthy inventory levels suggests we can expect a relatively calm and predictable summer market.For buyers, this means opportunities remain available.For sellers, realistic pricing and strong marketing continue to be the keys to success.As always, if you'd like to discuss how these trends affect your neighbourhood or property specifically, feel free to reach out anytime.MAY2026 By The Numbers📉 Sales: 2,150 (-3.5% vs. last year)📋 Active Listings: 16,917 (+35% above 10-year average)💰 Benchmark Home Price: $1,100,700 (-6.2% vs. last year)🏠 Detached Price: $1,847,900🏘️ Townhome Price: $1,048,200🏢 Condo Price: $697,800⚖️ Market Condition: Balanced

May 2026 Market update - The Listing Backlog Is Growing — Here’s Why!

Metro Vancouver’s housing market is showing diverging trends in April 2026, with detached homes gaining momentum while condos and townhomes continue to lag. In this update, we break down the latest data: * 2,110 home sales (down 2.5% year-over-year and 23% below the 10-year average) * Over 16,200 active listings — nearly 38% above the long-term average * A 13.5% sales-to-active listings ratio, keeping the market in balanced territory * Benchmark prices sitting at $1,098,000, down 6.9% year-over-year Detached homes saw a 14% increase in sales, while apartment sales dropped over 10%, highlighting a growing divide in buyer demand. With interest rates holding, inflation still a concern, and global uncertainty — including conflict in the Middle East — the big question is whether this is the start of a market shift or just a temporary imbalance. If you’re buying, selling, or investing in Metro Vancouver real estate, this is a must-watch update.

April 2026 Vancouver Market update - Spring season with a sense of hesitation

The Metro Vancouver real estate market is showing signs of balance—but also uncertainty. In this episode, we unpack the March 2026 numbers and what’s really happening behind the headlines. Sales remain below average, inventory is elevated, and prices are holding relatively steady—but the real story lies in shifting buyer behavior and global economic pressures. We discuss:   *   Why detached homes are gaining momentum   *   What’s holding buyers back right now   *   The impact of rising bond yields and mortgage rates   *   How global conflict and economic uncertainty are shaping local decisions Plus, we tackle the question everyone is asking: Is now the right time to buy or sell—or should you wait? If you’re thinking about making a move in 2026, this is an episode you don’t want to miss.

March 2026 Vancouver Market update - More Homes, Better Deals — Will It Last?

Metro Vancouver’s housing market is settling into a “new normal” — but what does that actually mean for buyers and sellers right now? In this episode, we break down the latest February 2026 market data, including declining sales, rising inventory, and what a 12.6% sales-to-active listings ratio really tells us about where prices could be heading. With more listings on the market and prices stabilizing, buyers may be seeing one of the most balanced opportunities in years. But at the same time, bigger forces are at play — including interest rates, inflation, and global uncertainty — all shaping what comes next. We also discuss what to watch as we move into the spring market, and whether increased demand could quickly shift conditions again. If you’re thinking about buying, selling, or just trying to understand where the Vancouver real estate market is going, this episode will give you the clarity you need.

January 2026 Market Update - Has Vancouver Hit Bottom??

January 2026 Metro Vancouver Real Estate Market UpdateJanuary 2026 kicked off with a quiet start for the Metro Vancouver real estate market, continuing many of the same trends we saw throughout 2025. According to the latest Greater Vancouver REALTORS® (GVR) housing market update, home sales were down nearly 29% year-over-year, making this one of the slowest Januarys in over two decades.In this video, we break down:Why sales are well below the 10-year averageWhat rising inventory levels mean for buyers and sellersHow the sales-to-active listings ratio (9.1%) is putting downward pressure on pricesWhat’s happening with detached homes, condos, and townhousesWhy prices are drifting lower and what that signals for the rest of 2026Despite elevated inventory and softer prices, economists suggest the market may be settling into a “new normal,” with pent-up demand potentially returning once economic and political uncertainty eases.📊 January 2026 Market SnapshotTotal Sales: 1,107 (⬇️ 28.7% YoY)Active Listings: 12,628 (⬆️ 9.9% YoY)Benchmark Price (All Homes): $1,101,900 (⬇️ 5.7% YoY)Sales-to-Active Listings Ratio: 9.1%Whether you’re a buyer, seller, or investor, this update gives you the context you need to understand where the Vancouver housing market is heading in 2026.🔔 Subscribe for weekly Metro Vancouver real estate updates📩 Reach out if you want a neighborhood-specific breakdown or strategy