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As we approach the end of 2025, Metro Vancouver’s real estate market remains in a balanced, buyer-friendly phase. According to the latest report from Greater Vancouver REALTORS® (GVR), November saw 1,846 residential sales—down 15.4% from November 2024 and 20.6% below the 10-year seasonal average.Key highlights:
- Active listings climbed to 15,149, up 14.4% year-over-year and 36.3% above the 10-year average, giving buyers plenty of options.
- The sales-to-active listings ratio sits at 12.6%—just above the threshold where prices typically face downward pressure.
- The composite benchmark price for all homes is $1,123,700, a 3.9% decrease from last year and a slight 0.3% dip from October.
By property type:
- Detached homes: 541 sales (down 13.6%), benchmark $1,900,600 (down 4.3% YoY).
- Apartments: 945 sales (down 13.2%), benchmark $714,300 (down 5.2% YoY).
- Attached homes (townhouses): 350 sales (down 22.4%), benchmark $1,065,600 (down 4.4% YoY).
As GVR economist Andrew Lis notes, buyers are waiting patiently while sellers adjust to today’s realities. With steady borrowing costs and high inventory, properties are taking longer to sell, and prices have softened slightly.
Interesting Tip for Buyers and Sellers
In this high-inventory market, price realistically from the start.
Sellers: Overpricing can lead to longer days on market and eventual price drops—align expectations with current comps to attract serious offers quickly.
Buyers: With ample choice and a low sales ratio, don’t hesitate to negotiate; motivated sellers may accept offers below asking to close before year-end.
TL;DR Summary
- Sales down 15% YoY, inventory up 14%.
- Prices down ~4% across most types.
- Buyer’s market with negotiation power.
- Expect a quiet December—perfect time for aligned deals!
If you’re thinking about buying, selling, or just curious about your options in Metro Vancouver, I’d love to chat. Reach out anytime for personalized insights—let’s make your real estate goals a reality!
