Easing prices brought more Metro Vancouver homebuyers off the sidelines in August, with home sales on the MLS® up nearly 3% from August last year. 

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,959 in August 2025, a 2.9% increase from the 1,904 sales recorded in August 2024. This was 19.2% below the 10-year seasonal average (2,424). 

“The August sales figures add further confirmation that sales activity across Metro Vancouver appears to be recovering, albeit somewhat slowly, from the challenging first half of the year,” said Andrew Lis, GVR’s director of economics and data analytics. “Sales in the detached and attached segments are up over ten per cent from last August, which suggests buyers shopping in more expensive price points are re-entering the market in a meaningful way.”  

In August 2025, there were 4,225 new listings for detached, attached, and apartment properties across Metro Vancouver—a 2.8% increase compared to August 2024. Still, new listings were 1.3% higher than the 10-year average for the month.

The total number of active listings reached 16,242, a 17.6% increase year-over-year, and 36.9% higher than the 10-year seasonal average. The number of active listings on the MLS System still far out weighs the number of active buyers leading properties to continue to sit on the market for extended periods of time. 

The sales-to-active listings ratio across all property types in August was 12.4%, indicating balanced market conditions. By property type:

• Detached homes: 9.3%

• Attached homes (townhomes): 15.8%

• Apartments: 14%

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12% for a sustained period, while home prices often experience upward pressure when it surpasses 20% over several months.  

“Prices have eased around two per cent since the start of the year and are down about one per cent month over month in August, signalling that sellers have been willing to lower price expectations,” Lis said. “As sellers’ and buyers’ expectations have become more aligned, transaction volume has picked up. Newly listed properties remain in line with their ten-year seasonal average however, which when paired with increasing sales activity, is likely to diminish the available inventory. This also means the window of plentiful opportunity for buyers may soon begin closing if these trends continue.” 

Home Prices and Sales Snapshot – August 2025

• Composite Benchmark Price (All Residential): $1,150,400

  • ↓ 3.8% from August 2024

  • ↓ 1.3% from July 2025

• Detached Homes:

  • Sales: 575 (↑ 13% Year over Year)

  • Benchmark Price: $1,950,300 (↓ 4.8% Year over Year | ↓ 1.2% Month over Month)

• Apartments:

  • Sales: 956 (↓ 5.5% Year over Year)

  • Benchmark Price: $734,400 (↓ 4.4% Year over Year | ↓ 1.3% Month over Month)

• Attached Homes (Townhomes):

  • Sales: 409 (↑ 10.5% Year over Year)

  • Benchmark Price: $1,079,600 (↓ 3.5% Year over Year | ↓ 1.8% Month over Month)

Click here for the GVR August 2025 MLS Housing Market Report