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Current: Richmond is in a Buyer's market. with average Listings, 7 % SOLD rate and a 95% Sell/List Ratio.
(This means that there is an average of $95,143 Discount on a sale from the original list price)
Most Active Range: Homes below $1.65 mill. have 12.0 %SOLD rate.
Least Active Range: Homes above $4.0 mill. -$3.4 mill. have 0.0 %SOLD rate.
History: The Richmond Year-To-Date Home Price Index HPIp (Top 50%) shows that prices decreased $123,257.
The Richmond Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices decreased $207,819.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Richmond has 615 homes are for sale and with the 7 %SOLD monthly rate gives us a ~14 months of inventory. 10% of the active listings have reduced their price by $124,073 on average or $1000,000 median for the last month. We project Richmond now to be in a Buyer's market.
Greater Vancouver July 2026:
The Metro Vancouver housing market slowed in July, with prices continuing to fall across most housing types. Detached home prices dropped by an average of $15,498. 71% of detached home markets saw price declines.
Condo prices also went down, with an average decrease of $7,846. 83% of Vancouver condo markets saw price declines. At the same time, townhome prices fell by an average of $8,656. 87% of Vancouver townhome markets saw price declines.
Looking ahead to next month, Metro Vancouver is expected to remain a declining market, with most detached homes, condos, and townhomes continuing to face downward price pressure. Consumer confidence is being dramatically challenged by our current trade war. Buyers may continue to have more negotiating power, while sellers may need to price competitively to attract buyers.
It’s more important than ever to know what’s happening in your local area. Want to see how your neighbourhood is performing? Check VancouverMarketReports.com every Saturday at noon for the latest Sell-Through Rates across all 17 cities. For expert advice or a free home market review, call Bill Coughlin and the Coughlin Team at 778-374-3744. We’re here to help you make the best move.
Fraser Valley July 2026:
The Fraser Valley housing market remained very soft in July, with prices falling across all three major housing types. Detached home prices dropped by an average of $16,381. 78% of detached home markets saw price declines.
Condo prices decreased by an average of $4,771. 75% of Fraser Valley condo markets saw price declines. The same time townhome prices fell by an average of $8,261. 67% of Fraser Valley townhome markets saw price declines.
Looking ahead to next month, the Fraser Valley market is expected to remain a declining market, with most detached homes, condos, and townhomes continuing to face downward price pressure. Consumer confidence is being dramatically challenged by our current trade war. Buyers may continue to have more negotiating power, while sellers may need to price competitively to attract buyers.
It’s more important than ever to know what’s happening in your local area. Want to see how your neighbourhood is performing? Check VancouverMarketReports.com every Saturday at noon for the latest Sell-Through Rates across all 17 cities. For expert advice or a free home market review, call Bill Coughlin and the Coughlin Team at 778-374-3744. We’re here to help you make the best move.
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