The Metro Vancouver housing market continued its early signs of recovery in July 2025, with home sales nearly matching levels from July 2024. According to Greater Vancouver REALTORS® (GVR), 2,286 properties sold, down just 2% year-over-year. While still 13.9% below the 10-year seasonal average, the numbers reflect an encouraging trend.
Key Stats:
New Listings: 5,642 (↑ 0.8% YoY)
Total Inventory: 17,168 (↑ 19.8% YoY)
Benchmark Price (All Homes): $1,165,300 (↓ 2.7% YoY)
Sales by Property Type:
Detached Homes: 660 sales | $1,974,400 | ↓ 4.1% YoY
Apartments: 1,158 sales | $743,700 | ↓ 2.9% YoY
Townhomes: 459 sales | $1,099,200 | ↑ 5% YoY
The sales-to-active listings ratio for July was 13.8%, indicating a balanced market. Economists note that continued stability in interest rates may support further buyer activity.
“This healthy level of inventory is keeping prices stable, but if demand increases, buyer conditions could shift,” says Andrew Lis, Director of Economics at GVR.
For buyers, the current market offers solid selection. For sellers, a potential uptick in sales could improve bargaining power. Stay informed and strategize with us to navigate your next move in Metro Vancouver’s dynamic real estate market.