Courtesy of Adrian Vekic

Buyers remain hesitant as inventory builds

$757,300 apartment DOWN 2.4% year-to-year

$1,997,400 detached DOWN 3.2% year-to-year

BENCHMARK PRICES

$1,106,800 attached DOWN 3.4% year-to-year

17,094 ACTIVE LISTINGS 2,228 SOLD LISTINGS

detached 654 1,086 apartment

detached 6,387 7,370 apartment

33.6% SALES TO NEW LISTING RATIO

32 DAYS ON MARKET (detached)

7.7 MONTHS OF INVENTORY

6,620 NEW LISTINGS

Vancouver, June 3, 2025: The Greater Vancouver REALTORS® (GVR) reports that residential sales totalled 2,228 in May 2025. “While there are emerging signs that sales activity might be turning a corner, sales in May were below the ten-year seasonal average, which suggests that some buyers are still sitting on the sidelines or are being especially selective,” said Andrew Lis, GVR’s director of economics and data analytics. “On a year-to-date basis, sales in 2025 rank among the slowest to start the year in the past decade, closely mirroring the trends seen in 2019 and 2020. It’s worth noting that sales rebounded significantly in the latter half of 2020, but whether sales in 2025 might follow a similar pattern remains the million-dollar question.” The MLS® Home Price Index composite benchmark price for all

residential properties in Metro Vancouver is currently $1,177,100. This represents a 2.9 per cent decrease over May 2024 and a 0.6 per cent decrease compared to April 2025. The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 17,094. Sales of detached homes in May 2025 reached 654. The benchmark price for a detached home is $1,997,400. Sales of apartment homes reached 1,087 in May 2025. The benchmark price of an apartment home is $757,300. Attached home sales in May 2025 totalled 469. The benchmark price of a townhouse is $1,106,800. Statistics reflect market activity in May 2025 | Source: Greater Vancouver REALTORS ® (GVR) | Market values stated are of the benchmark of Vancouver and surrounding region. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

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