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A Calm, Balanced Market with Opportunities for Smart Buyers and Sellers
Market Snapshot
Home sales in Metro Vancouver softened slightly in May, with 2,150 residential properties sold through the MLS® — a 3.5% drop from May 2025 and well below the 10-year seasonal average. The slowdown was driven mainly by the apartment segment, which fell 7.2% year-over-year. In contrast, detached home sales edged up 0.9%, while attached (townhouse) sales remained nearly steady. New listings also declined 7.6% compared to last year, yet overall inventory sits comfortably above the 10-year average at 16,917 active listings. This healthy supply is keeping the market balanced rather than competitive.
Sales-to-Listings Ratio & Price Trends
The current sales-to-active listings ratio sits at 13.1% overall (10.7% detached, 15.4% attached, 14.2% apartments). Historically, ratios below 12% for sustained periods signal downward pressure on prices, while ratios above 20% drive increases. At 13.1%, the market remains in balanced territory.
Benchmark prices (MLS® Home Price Index) are holding steady month-over-month but are down year-over-year:
- Composite: $1,100,700 (−6.2%)
- Detached: $1,847,900 (−6.9%)
- Apartment: $697,800 (−7.9%)
- Attached: $1,048,200 (−5.1%)
Prices showed almost no movement from April to May, as solid inventory absorbed the moderate demand.
Expert Insight
“Demand is tracking forecasts closely, and no major catalysts are on the horizon,” noted Andrew Lis, GVR Chief Economist. Expect a calm and orderly summer market.
Smart Tips for Buyers & Sellers
For Buyers:
Focus on the apartment segment, where sales have slowed the most. With more choice and less buyer competition in certain neighbourhoods (notably North and East Vancouver), you may find motivated sellers open to negotiation on price or inclusions.
Focus on the apartment segment, where sales have slowed the most. With more choice and less buyer competition in certain neighbourhoods (notably North and East Vancouver), you may find motivated sellers open to negotiation on price or inclusions.
For Sellers:
Price realistically from day one. In a balanced market with elevated inventory, homes that are well-presented and competitively priced sell faster. Overpricing can cause your property to sit longer and ultimately achieve a lower final sale price.
Price realistically from day one. In a balanced market with elevated inventory, homes that are well-presented and competitively priced sell faster. Overpricing can cause your property to sit longer and ultimately achieve a lower final sale price.
TL;DR
- Sales: −3.5% YoY, led by apartments (−7.2%)
- Inventory: Healthy and above average
- Prices: Flat month-over-month, down ~5–8% YoY
- Market outlook: Calm and balanced heading into summer
Ready to make your next move? Whether you’re buying, selling, or just curious about your home’s current value, I’d love to chat. Reach out today for personalized advice tailored to your situation — no pressure, just clear insights. Let’s connect!
