Port Moody Real Estate Market Update – February 2025

Inventory Surges While Sales Stay Soft—Buyers Gaining Leverage

Port Moody’s February 2025 market reveals sharply rising inventory across all property types, creating a noticeable shift toward balanced conditions. Detached homes and condos saw significant supply increases, while sales stayed muted. Townhomes, meanwhile, showed stable sales but rising days on market—signaling evolving market dynamics.

Let’s dive into the numbers and trends shaping this month’s market.

Key Market Stats for February 2025

Detached Homes

  • Total Active Listings: 98 (+69.0% YoY)
  • Sales: 10 (+42.9% YoY)
  • Days on Market Average: 36 (+50.0% YoY)
  • MLS® HPI Benchmark Price: $2,089,700 (+3.0% YoY)

Condos

  • Total Active Listings: 92 (+104.4% YoY)
  • Sales: 19 (-38.7% YoY)
  • Days on Market Average: 35 (+40.0% YoY)
  • MLS® HPI Benchmark Price: $718,000 (-0.9% YoY)

Townhomes

  • Total Active Listings: 30 (+42.9% YoY)
  • Sales: 9 (+12.5% YoY)
  • Days on Market Average: 31 (+82.4% YoY)
  • MLS® HPI Benchmark Price: $1,011,300 (-1.4% YoY)

Market Trends & Expert Insights

  • Detached Homes: Inventory Surges but Demand Holds Detached inventory soared 69% YoY, but sales rose 42.9%—a promising sign of underlying demand. However, homes are taking longer to sell (36 days, up 50%) as buyers get more choices. Prices remain stable with a 3% annual increase, suggesting relative strength in this segment.
  • Condos: Supply Doubles, Sales Dip The condo market saw the largest shift. Inventory more than doubled (+104.4%), while sales fell 38.7% YoY. Homes now take longer to sell (35 days, up 40%), and prices edged down 0.9% YoY—an early indicator of growing buyer leverage.
  • Townhomes: Demand Stable, but Days on Market Jump Townhome sales were steady (+12.5% YoY), even as inventory climbed 43%. However, average days on market jumped 82% to 31 days. The benchmark price softened 1.4% YoY, signaling early signs of buyer hesitation.
  • Sales-to-Active Ratio Insights:
    • Detached Homes: 10.2% (Buyer’s Market)
    • Condos: 20.7% (Balanced Market leaning Buyer)
    • Townhomes: 30.0% (Seller’s Market)
    Detached homes are now in buyer’s market territory, condos show balance but softening, while townhomes remain the strongest segment this month.

What This Means for Buyers & Sellers

For Buyers:

  • Detached home buyers have strong negotiation power with rising inventory and longer days on market.
  • Condo buyers benefit from ample selection and early price softening—more leverage is building.
  • Townhome buyers still face competition but should monitor the market as days on market rise.

For Sellers:

  • Detached sellers must price aggressively—the market is shifting toward buyers.
  • Condo sellers should prepare for longer market times and pricing pressure.
  • Townhome sellers remain in a solid spot but must watch buyer behavior carefully.

Final Thoughts

Port Moody is seeing clear signs of market rebalancing this February. Detached homes and condos are shifting toward buyers, while townhomes hold firm—for now. Sellers need to watch inventory trends closely, while buyers gain more room to negotiate.

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