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Current: Richmond is in a Buyer's market. with average Listings, 10 % SOLD rate and a 95% Sell/List Ratio.
(This means that there is an average of $89,369 Discount on a sale from the original list price)
Most Active Range: Homes below $1.6 mill. have 16.7 %SOLD rate.
Least Active Range: Homes above $4.1 mill. have 0.0 %SOLD rate.
History: The Richmond Year-To-Date Home Price Index HPIp (Top 50%) shows that prices decreased $201,675.
The Richmond Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices decreased $155,868.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Richmond has 575 homes are for sale and with the 10 %SOLD monthly rate gives us a ~13 months of inventory. 11% of the active listings have reduced their price by $132,669 on average or $100,000 median for the last month. We project Richmond now to be in a Buyer's market.
Greater Vancouver April 2026:
The housing market in Metro Vancouver has slowed down slightly this April. Detached home prices went down by an average of $745, compared to March when prices increased by $745. Right now, about 43% of Metro Vancouver detached home markets are still increasing, while the rest are staying steady or dropping.
The condo market also saw a decrease, with prices dropping by an average of $3,961. About 39% of condo markets are still improving. Townhomes had the biggest change this month, with prices decreasing by an average of $7,471. Only 18% of townhome markets are currently increasing.
Even though the market has cooled, a few neighbourhoods are still doing well and showing signs of growth. Buyers and sellers should continue watching local market trends carefully.
Want to know which neighbourhoods are winning or losing? Visit VancouverMarketReports.com every Saturday at noon to check the latest Sell-Through Rates and see how all 17 cities are performing. For expert help 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 decision.
Fraser Valley April 2026:
The Fraser Valley housing market has also slowed down this April. Detached home prices decreased by an average of $3,825. About 44% of detached home markets in the Fraser Valley are still increasing, while the rest are either stable or decreasing.
The condo market stayed more balanced this month. Condo prices went down slightly by an average of $815, and 50% of condo markets are actually increasing. This makes condos one of the stronger housing types in the Fraser Valley right now.
Townhomes saw a larger decrease, with prices dropping by an average of $4,628. Only 25% of townhome markets are currently increasing, showing that this part of the market has become slower compared to earlier months.
Even with the slower activity, some communities are still performing better than others. Market conditions can change quickly, so staying updated is important for both buyers and sellers.
Want to know which neighbourhoods are improving or slowing down? Visit VancouverMarketReports.com every Saturday at noon to check the latest Sell-Through Rates and see how all 17 cities are performing. For expert help 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 decision.
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