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.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.