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The Metro Vancouver real estate market in May 2025 continues to tilt in favor of buyers, with inventory levels reaching a ten-year high and sales remaining subdued. Here’s a concise snapshot of the current landscape:
Market Highlights
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Total Sales: 2,228 residential properties sold, down 18.5% from 2,733 in May 2024, and 30.5% below the 10-year seasonal average (3,206).
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New Listings: 6,620 properties hit the MLS®, up 3.9% from 6,374 in May 2024, and 9.3% above the 10-year average (6,055).
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Active Listings: 17,094 properties available, a 25.7% increase from 13,600 in May 2024, and 45.9% above the 10-year average (11,718).
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Benchmark Price: The MLS® Home Price Index composite benchmark for all properties is $1,177,100, down 2.9% from May 2024 and 0.6% from April 2025.
By Property Type
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Detached Homes
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Sales: 654 (down 22.7% from 846 in May 2024)
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Benchmark Price: $1,997,400 (down 3.2% from May 2024, 1.2% from April 2025)
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Active Listings: 6,387
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Avg. Days on Market: 32
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Apartments
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Sales: 1,087 (down 18.8% from 1,338 in May 2024)
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Benchmark Price: $757,300 (down 2.4% from May 2024, 0.7% from April 2025)
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Active Listings: 7,370
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Avg. Days on Market: 31
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Attached Homes
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Sales: 469 (down 10.3% from 523 in May 2024)
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Benchmark Price: $1,106,800 (down 3.4% from May 2024, up 0.4% from April 2025)
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Active Listings: 2,697
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Avg. Days on Market: 27
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Market Insights
The sales-to-active listings ratio in May 2025 is 13.4% overall—10.2% for detached, 17.4% for attached, and 14.7% for apartments. Historically, ratios below 12% signal downward pressure on prices, while ratios above 20% suggest upward pressure. With inventory at its healthiest in years, buyers have more negotiating power, keeping price growth in check.
“While sales are below the ten-year average, there are signs activity might pick up,” notes Andrew Lis, Greater Vancouver REALTORS® director of economics and data analytics. “With a slow spring behind us, summer could see heightened activity as buyers act on delayed decisions.”
Buyer’s Tip
With the market favoring buyers, now’s the time to be strategic. Research recent sales in your target area, focus on properties lingering longer on the market (check avg. days on market), and don’t shy away from negotiating—sellers are adjusting expectations, giving you room to secure a better deal.
