Metro Vancouver Real Estate Market Update: June 2025 Shows Signs of Stabilization

The Metro Vancouver real estate market is showing early signs of recovery in June 2025, with home sales stabilizing after a challenging first half of the year. According to Greater Vancouver REALTORS® (GVR), residential sales totaled 2,181, down 9.8% from 2,418 in June 2024—a significant improvement from May’s steeper year-over-year decline. However, sales remain 25.8% below the 10-year seasonal average of 2,940.“Sales activity is starting to turn a corner,” said Andrew Lis, GVR’s director of economics and data analytics. “If this trend continues, we could see year-over-year sales growth soon, signaling a shift toward stronger demand.”

Inventory and Listings Surge

New listings in June reached 6,315, up 10.3% from 5,723 in June 2024, and 12.7% above the 10-year average. Total active listings climbed to 17,561, a 23.8% increase from last year and 43.7% above the seasonal norm. This growing inventory, combined with mortgage rates dropping roughly 2% since last summer, creates favorable conditions for buyers.

Market Balance and Pricing Trends

The sales-to-active listings ratio in June was 12.8% overall, with detached homes at 9.9%, attached homes at 16.9%, and apartments at 13.9%. A ratio below 12% typically signals downward price pressure, while above 20% suggests upward pressure. Most market segments remain balanced, keeping prices relatively stable since early 2025.The MLS® Home Price Index benchmark for all residential properties is $1,173,100, down 2.8% from June 2024 and 0.3% from May 2025. By property type:

Detached homes: 657 sales, down 5.3% from last year; benchmark price $1,994,500, down 3.2%.
Apartments: 1,040 sales, down 16.5%; benchmark price $748,400, down 3.2%.
Attached homes: 473 sales, up 3.7%; benchmark price $1,103,900, down 3%.

Tip for Buyers and Sellers

For Buyers: With inventory at a 10-year high and mortgage rates lower, now’s a great time to negotiate. Focus on properties with longer days on market—they may offer better deals.

For Sellers: Stage your home to stand out in a competitive market. Highlight unique features and price strategically to attract buyers in this balanced environment.

Stay informed as the Metro Vancouver market continues to evolve, offering opportunities for both buyers and sellers in 2025.

Happy house hunting!