Before any price change, separate what's happening to your home from what's happening to the market. Two numbers do most of that work, and both are published monthly by Greater Vancouver REALTORS® (GVR).
Days on market for your property type and city. In September 2026, Coquitlam detached homes averaged 50 days on market, townhouses 31 and apartments 39. A detached home at three weeks is not "stale" if its segment is averaging two months. A townhouse in a fast segment that has sat as long is sending a much clearer signal.
The sales-to-active listings ratio. This compares the month's sales with the number of homes for sale. GVR's analysis of historical data suggests prices face downward pressure when the ratio stays below 12% and upward pressure when it stays above 20% over several months. Coquitlam detached homes were at 9.8% in September 2026, townhouses at 13.3%, and apartments at 10.5%. The lower the ratio, the more choice buyers have, and the more precisely your price has to match the comparables.
Then look at the comparables themselves: the sales that closed while your home was listed. The benchmark price ($1,584,400 for Coquitlam detached) describes a typical home, not yours. Your lot, condition, updates and catchment can put you well above or below it. If similar homes are selling and yours isn't, price is the first place to look. If the whole segment is quiet, a price cut alone may not fix things, and presentation and access matter more.
The same approach works across Metro Vancouver. Just make sure you compare like with like: same city, same property type, same month.