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Metro Vancouver’s housing market showed signs of recovery in August 2025, with home sales climbing 2.9% compared to August 2024, reaching 1,959 transactions. While still 19.2% below the 10-year seasonal average, the uptick signals growing buyer confidence as prices soften.
Market Snapshot
- Sales Growth: Detached and attached home sales surged over 10% year-over-year, with 575 detached homes and 409 attached homes sold. Apartment sales dipped 5.5% to 956 units.
- Price Trends: The MLS® Home Price Index benchmark fell 3.8% from last year to $1,150,400. Detached homes are down 4.8% to $1,950,300, apartments 4.4% to $734,400, and townhouses 3.5% to $1,079,600.
- Inventory Dynamics: New listings rose 2.8% to 4,225, and total listings jumped 17.6% to 16,242, well above the 10-year average. The sales-to-active listings ratio of 12.4% suggests balanced conditions, with detached homes at 9.3%, attached at 15.8%, and apartments at 14%.
What’s Driving the Market?
Easing prices—down about 2% since January and 1% month-over-month—have aligned buyer and seller expectations, boosting transaction volumes. However, with sales rising and new listings steady, inventory may tighten, potentially shrinking the current buyer-friendly window.
Tip for Buyers: Leverage the current market’s ample inventory and softer prices to negotiate favorable terms, but act swiftly—rising sales could reduce options soon.
Tip for Sellers: Highlight your property’s unique features and price competitively to stand out in a market with high inventory, especially for detached homes where demand is rebounding.
TL;DR Summary
- August 2025 home sales in Metro Vancouver rose 2.9% to 1,959, with detached and attached segments up over 10%.
- Benchmark prices dropped 3.8% to $1,150,400; detached at $1,950,300, apartments at $734,400, townhouses at $1,079,600.
- Inventory is up 17.6%, but rising sales may tighten options.
- Buyer Tip: Negotiate now while inventory is high.
- Seller Tip: Price competitively to attract buyers.
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