Home sales registered on the MLS® in Metro Vancouver* declined nearly 10% last month relative to July last year, erasing the 10% gain seen in June that kicked off the summer.

Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,061 in July 2026, a 9.8% decrease from the 2,286 sales recorded in July 2025. This was 18.6% below the 10-year seasonal average (2,532).

“Last month, we reported gains in home sales across all home types, raising the question of whether demand would continue to build into the summer. Instead, July sales were down nearly ten per cent, led by an 18% drop in apartment sales, confirming to market watchers that the June momentum was not sustained,” said Andrew Lis, GVR chief economist and vice-president data analytics. “Over the past few years, the sales activity story has often been one step forward, one step back, and the June and July data are a prime example of this pattern.”

There were 4,991 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in July 2026. This represents a 11.5% decrease compared to the 5,642 properties listed in July 2025. This figure matches the 10-year seasonal average (4,992).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 16,476, a 4% decrease compared to July 2025 (17,168). This is 26.8% above the 10-year seasonal average (12,992).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for July 2026 is 13%. By property type:

• Detached homes: 10.5%

• 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.  

“Sales weren’t the only metric taking a step back in July, however. New listings were also down 11% in July, largely due to a nearly 17% drop in apartment listings,” said Lis. “We’ve been pointing to the slowdown in sellers coming to market for several months, and it’s beginning to translate into a gradual decline in the overall inventory level. This shift remains in early days, and with sales in a holding pattern, price pressures of significance in either direction aren’t showing up in the data quite yet, with prices down roughly 1% in July.”

Home Prices and Sales Snapshot – July 2026

• Composite Benchmark Price (All Residential): $1,088,800

  • ↓ 6.2% from July 2025

  • ↓ 0.9% from June 2026

• Detached Homes:

  • Sales: 639 (↓ 3.2% Year over Year)

  • Benchmark Price: $1,822,900 (↓ 7% Year over Year | ↓ 1.1% Month over Month)

• Apartments:

  • Sales: 952 (↓ 17.8% Year over Year)

  • Benchmark Price: $688,000 (↓ 7.5% Year over Year | ↓ 1% Month over Month)

• Attached Homes (Townhomes):

  • Sales: 454 (↓ 1.1% Year over Year)

  • Benchmark Price: $1,030,400 (↓ 6% Year over Year | ↓ 1.5% Month over Month)

Click here for the GVR July 2026 MLS Housing Market Report