Home Sales Steady but Weak as Spring Market Cools
Lower Mainland sales remain soft in seasonal slowdown; market waiting for summer momentum.
The Lower Mainland housing market is holding its breath. Spring sales remain weak but steady—neither collapsing nor surging, just treading water in a slow season that's typical for May.
Bryan Yu's housing analysis shows the pattern: spring is always the quietest stretch before summer inventory picks up and buyers flood back. Right now, the market is exactly where it should be for late May—slow, patient, waiting for the season to shift.
For buyers, this is the window to negotiate. For sellers, it's a reminder that timing matters. By June, the market traditionally picks up steam. The real test will come if mortgage rate expectations shift or if economic headwinds change the calculus.
Right now, it's a holding pattern.