The fall market shifted from Buyer to Balanced in October, landing at a 14% sales-to-active ratio—which tilts toward Buyer advantages.
The end of October rate drop sparked fresh buzz, opening new doors for move-up, first-time buyers & investors. Homes in South & North Delta, Richmond, White Rock are still moving – just with a new rhythm! Here’s what’s happening:
FOR BUYERS
More choice, less chaos: Inventory is up across detached segments, giving Buyers more breathing room & leverage.
Rate relief is real: Monthly payments are easing & new affordability is unlocking opportunity.
Micro-markets matter: Longer DOM & price adjustments mean room to negotiate. Updated homes in these areas are moving.
Land still leads: Generous lots offer flexibility, future value & lifestyle upside.
Detached prices are down 2.9% YoY; attached homes are up 2.4%—resilient in entry-level & downsizer segments.
FOR SELLERS
Presentation is power: Homes that feel move-in ready—fresh paint, modern lighting, decluttered layouts, inviting curb appeal—are attracting serious interest. Strategic pricing aligned with Buyer expectations makes your listing stand out.
Longer DOM isn’t a red flag—it’s a filter: Serious buyers are still touring, but taking time to compare.
Lifestyle appeal: Think garden space, entertaining flow, WFH setups, walkable coffee strolls, family homes near parks, or suite potential.
Real Estate Takeaway: This isn’t a hot market—it’s a smart one. Sellers who lead with strategy & Buyers who act with clarity are both winning right now.
If you’re curious how today’s market impacts your home, your goals, or your next move – connect with me. Whether buying, selling, or just exploring – I’ve got you!
604-946-1595
