Port Moody Real Estate Market Update – April 2025

Inventory Surges While Buyer Activity Retreats

Port Moody’s real estate market in April 2025 is showing signs of a significant shift, with rising inventory across all property types and declining or stagnating buyer activity—particularly in the condo and townhome segments. Detached homes recorded a modest increase in sales but are now taking much longer to sell, and prices across all segments are beginning to soften.

Here’s what’s driving the trends this month.

Key Market Stats for April 2025

Detached Homes

  • Total Active Listings: 115 (+30.7% YoY)
  • Sales: 14 (+27.3% YoY)
  • Days on Market Average: 49 (+345.5% YoY)
  • MLS® HPI Benchmark Price: $2,060,600 (-4.1% YoY)

Condos

  • Total Active Listings: 141 (+72.0% YoY)
  • Sales: 22 (-33.3% YoY)
  • Days on Market Average: 22 (-38.9% YoY)
  • MLS® HPI Benchmark Price: $734,900 (-0.9% YoY)

Townhomes

  • Total Active Listings: 52 (+73.9% YoY)
  • Sales: 13 (-48.0% YoY)
  • Days on Market Average: 16 (+33.3% YoY)
  • MLS® HPI Benchmark Price: $1,043,800 (-0.3% YoY)

Market Trends & Expert Insights

  • Detached Homes: Higher Sales, But Growing Time on Market
    Detached sales rose modestly (+27.3% YoY), a rare increase in today’s climate. However, active listings rose 31%, and properties are now taking 49 days to sell—more than 4x longer than last year. The benchmark price fell 4.1% YoY, signaling early pricing correction even as some buyers re-enter the market.
  • Condos: Inventory Surges, Demand Weakens
    Condo listings soared 72% YoY, while sales dropped 33.3%, creating a wide supply-demand imbalance. Despite this, the average days on market decreased, which may indicate stronger absorption for competitively priced units. Still, the benchmark price dipped slightly (-0.9%), pointing to a softening trend.
  • Townhomes: Sharp Slowdown in Sales
    Townhomes saw the steepest drop in buyer demand, with sales down 48% YoY, despite inventory nearly doubling. Homes are taking longer to sell (16 days, up from 12), and pricing remained flat (-0.3% YoY). This segment is clearly under pressure and at risk of future price declines if trends continue.
  • Sales-to-Active Ratio Snapshot:
    • Detached: 12.2% → Balanced Market (leaning toward buyer)
    • Condos: 15.6% → Balanced Market
    • Townhomes: 25.0% → Seller’s Market (but cooling)

What This Means for Buyers & Sellers

For Buyers:

  • Detached and condo buyers are in a good position, with more listings and negotiating power, especially as pricing softens.
  • Townhome buyers should act with urgency on standout listings, but know the market is shifting in their favor.

For Sellers:

  • Detached home sellers must be realistic about pricing—buyers are taking their time, and homes are sitting longer.
  • Condo sellers face rising competition and must focus on value and presentation.
  • Townhome sellers should prepare for longer selling timelines and adjust pricing expectations accordingly.

Final Thoughts

Port Moody’s market is now clearly experiencing a rebalancing, with detached, condo, and townhome segments all facing higher inventory and cooling prices. Buyers are gaining more leverage, while sellers need to shift strategies to remain competitive in a slower market environment.

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