Metro Vancouver June Market Update

After a rocky start to the year, Metro Vancouver’s housing market is beginning to show signs of recovery. According to the latest data from Greater Vancouver REALTORS® (GVR), residential home sales in June 2025 totaled 2,181 — down 9.8% compared to June 2024, but a notable improvement from the deeper declines we saw in previous months.

While sales still sit 25.8% below the 10-year seasonal average, the trend is shifting. As Andrew Lis, GVR’s Director of Economics and Data Analytics, notes, “The year-over-year decline in sales this June was half of what we saw in May. If this momentum continues, we could soon see sales surpass last year’s numbers — a clear signal that buyer activity is rebounding.”

Inventory Growth Slows Slightly
New listings hit 6,315 in June, up 10.3% from the same time last year and 12.7% above the 10-year average. Total active listings now sit at 17,561 — a 23.8% increase year-over-year and 43.7% above the long-term norm. However, the pace of inventory growth appears to be easing, especially as buyer interest picks up.

Market Conditions: Balanced, but watching the Ratios
The overall sales-to-active listings ratio for June sits at 12.8%:

• Detached homes: 9.9%

• Attached homes (townhouses): 16.9%

• Apartments: 13.9%

A sustained ratio below 12% typically leads to downward price pressure, while ratios above 20% suggest the opposite. For now, most segments remain balanced, keeping prices relatively stable.

Home Prices Holding Steady
The MLS® Home Price Index composite benchmark price across all residential property types is $1,173,100 — down 2.8% from June 2024 and 0.3% from May 2025.

Here’s a closer look at pricing and activity by property type:

• Detached Homes:

  • Sales: 657 (-5.3% YoY)

  • Benchmark Price: $1,994,500 (-3.2% YoY; -0.1% MoM)

• Apartments:

  • Sales: 1,040 (-16.5% YoY)

  • Benchmark Price: $748,400 (-3.2% YoY; -1.2% MoM)

• Townhomes (Attached):

  • Sales: 473 (+3.7% YoY)

  • Benchmark Price: $1,103,900 (-3.0% YoY; -0.3% MoM)

What This Means for Buyers and Sellers
With mortgage rates approximately 2% lower than this time last year and over 17,000 listings currently available, today’s buyers have more options and slightly improved affordability. Sellers, on the other hand, will need to price carefully as the market finds its footing.

We’re watching closely to see if this early summer momentum carries into the second half of the year. As always, I’m here to help you navigate the latest market trends and make smart, confident decisions.

Let’s chat if you have questions about buying, selling, or just want to talk about what this means for your real estate goals.

(Stats credit from GVRealtors.ca)