VANCOUVER, BC – July 3, 2025 – Following a turbulent first half of the year, MLS®-registered home sales across Metro Vancouver are beginning to show signs of recovery—down 10% year-over-year, a notable improvement from last month’s 20% decline.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,181 in June 2025, a 9.8% decrease from the 2,418 sales recorded in June 2024. This was 25.8% below the 10-year seasonal average (2,940).

"On a trended basis, signs are emerging that sales activity is rounding the corner after a challenging first half to the year, with the year-over-year decline in sales in June halving the decline we saw in May. If this momentum continues, it may not be long before sales are up year-over-year, which would mark a shift toward a market with more demand than the unusually low demand we’ve seen so far this year."  Andrew Lis, GVR director of economics and data analytics

In June 2025, there were 6,315 new listings for detached, attached, and apartment properties across Metro Vancouver—a 10.3% increase compared to June 2024. Still, new listings were 12.7% higher than the 10-year average for the month.

The total number of active listings reached 17,561, a 23.8% increase year-over-year, and 43.7% higher than the 10-year seasonal average. This surge in inventory is the highest level of inventory ever recorded in the region..

The sales-to-active listings ratio across all property types in April was 12.8%, indicating balanced market conditions. By property type:

• Detached homes: 9.9%

• Attached homes (townhomes): 16.9%

• Apartments: 13.9%

According to historical trends, sustained periods with a sales-to-active listings ratio below 12% often lead to downward pressure on home prices, whereas ratios above 20% over several months usually result in price increases.

“Most market segments remain in balanced market conditions, which has generally kept prices trending sideways since the start of the year. With over 17,000 listings on the market right now, and with mortgage rates down around two per cent since last summer, buyers are enjoying some of the most favorable conditions seen in years.” Lisa said.

Home Prices and Sales Snapshot – June 2025

• Composite Benchmark Price (All Residential): $1,173,100

  • ↓ 2.8% from June 2024

  • ↓ 0.3% from May 2025

• Detached Homes:

  • Sales: 657 (↓ 5.3% Year over Year)

  • Benchmark Price: $1,994,500 (↓ 3.2% Year over Year | ↓ 0.1% Month over Month)

• Apartments:

  • Sales: 1,040 (↓ 16.5% Year over Year)

  • Benchmark Price: $748,400 (↓ 3.2% Year over Year | ↓ 1.2% Month over Month)

• Attached Homes (Townhomes):

  • Sales: 473 (↓ 3.7% Year over Year)

  • Benchmark Price: $1,103,900 (↓ 3% Year over Year | ↓ 0.3% Month over Month)

Click here for the GVR June 2025 MLS Housing Market Report