Tri-Cities home prices keep falling as failed listings climb toward half of Port Moody sales
In Port Moody, 45 per cent of homes sold in the first nine months of 2026 had previously been listed unsuccessfully.
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Home prices kept falling across the Tri-Cities in September, and more sellers are struggling to find buyers on the first attempt.
According to Greater Vancouver REALTORS, Port Coquitlam's benchmark residential price fell 8.2 per cent from September 2025, the steepest annual decline of the three municipalities. Coquitlam's fell 6.3 per cent and Port Moody's fell 5.8 per cent.
An analysis by real estate data platform Zealty found that 45 per cent of the 408 homes sold in Port Moody during the first nine months of 2026 had at least one failed listing before selling. That was the second-highest share among the 18 cities Zealty examined across Greater Vancouver and the Fraser Valley, behind only West Vancouver. The median Port Moody home took 59 days to sell, counted from its first listing attempt.
Port Coquitlam recorded 42 per cent failed listings among 504 sales, with a median selling period of 54 days. In Coquitlam, 38 per cent of 1,516 homes sold had a failed earlier listing, with a median of 50 days.
Across Greater Vancouver and the Fraser Valley, 40 per cent of homes sold between January and September had a failed listing, more than double the 19 per cent recorded in 2021. The regional median time to sell, counted from the first listing attempt, has also lengthened.
