Metro Vancouver* home-sale trends observed in October continued in November, as sales registered on the MLS® remained lower than this time last year.  

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,846 in November 2025, a 15.4% decrease from the 2,181 sales recorded in November 2024. This was 20.6% below the 10-year seasonal average (2,324). 

"As the year draws to a close, the data continues telling a story of a market with many buyers patiently waiting and sellers adjusting to market conditions not seen in years. Inventory remains healthy, providing buyers ample choice, which, by contrast, is pushing sellers to accept that pricing must reflect this new reality. Buyers and sellers are striking deals when their expectations are aligned and reflective of the current market – not the market of years ago." - Andrew Lis, GVR director of economics and data analytics

There were 3,674 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in November 2025. This represents a 1.4% decrease compared to the 3,725 properties listed in November 2024. This was 3.1% above the 10-year seasonal average (3,562). 

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 15,149, a 14.4% increase compared to November 2024 (13,245). This is 36.3% above the 10-year seasonal average (11,116). 

Across all detached, attached and apartment property types, the sales-to-active listings ratio for November 2025 is 12.6%. By property type:

• Detached homes: 9.7%

• Attached homes (townhomes): 13.6%

• Apartments: 14.8%

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.  

“As sales volumes remain subdued and inventory remains plentiful, properties are taking longer to sell, and pricing has continued to soften slightly across most market segments,” Lis said. “With borrowing costs likely to remain steady into the new year, any uptick in demand will need to arise from a significant change in buyer sentiment. As December is typically among the quietest months of the year in terms of market activity, the prevailing trends suggest we should expect a quiet close to a year marked by considerable uncertainty.”

Home Prices and Sales Snapshot – November 2025

• Composite Benchmark Price (All Residential): $1,123,700

  • ↓ 3.9% from November 2024

  • ↓ 0.3% from October 2025

• Detached Homes:

  • Sales: 541 (↓ 13.6% Year over Year)

  • Benchmark Price: $1,900,600 (↓ 4.3% Year over Year | ↓ 0.4% Month over Month)

• Apartments:

  • Sales: 945 (↓ 13.2% Year over Year)

  • Benchmark Price: $714,300 (↓ 5.2% Year over Year | ↓ 0.2% Month over Month)

• Attached Homes (Townhomes):

  • Sales: 350 (↓ 22.4% Year over Year)

  • Benchmark Price: $1,065,600 (↓ 4.4% Year over Year | ↓ 0.1% Month over Month)

Click here for the GVR November 2025 MLS Housing Market Report