Metro Vancouver Real Estate Market Update – June 2025: Signs of Stabilization Emerge

After a turbulent start to the year, the Metro Vancouver housing market is beginning to show signs of stabilization. According to the Greater Vancouver REALTORS® (GVR), residential home sales in June 2025 totaled 2,181—down 9.8% from June 2024. While still below the 10-year seasonal average, this marks a notable improvement over May’s steeper year-over-year decline.

GVR’s director of economics, Andrew Lis, notes that, “Sales activity appears to be rounding the corner. If current momentum holds, we may soon see year-over-year increases.”

Inventory and New Listings on the Rise
In June, 6,315 homes were newly listed—up 10.3% from the previous year and 12.7% above the 10-year average. Total active listings reached 17,561, a 23.8% increase year-over-year. This growing supply is giving buyers more options than they’ve had in years.

Sales-to-Active Listings Ratios (June 2025):

• Detached: 9.9%

• Townhomes: 16.9%

• Apartments: 13.9%
  With most segments in balanced market territory, prices have remained relatively steady.

Benchmark Prices by Property Type:

• Detached homes: $1,994,500 (↓3.2% YoY)

• Townhomes: $1,103,900 (↓3.0% YoY)

• Apartments: $748,400 (↓3.2% YoY)
  Overall benchmark price: $1,173,100, down 2.8% from June 2024.

Despite the year-over-year dips, buyers are enjoying more favorable conditions. Inventory is high, competition is moderate, and mortgage rates have eased approximately two percent from last summer.

What This Means for Buyers and Sellers in Port Moody, Coquitlam, and Port Coquitlam
With stabilized prices and a wide selection of homes, it’s an ideal time for buyers in the Tri-Cities to explore opportunities. For sellers, strategic pricing and great presentation are key to standing out in a more balanced market.

Have questions about how these trends affect your real estate plans? Let’s connect!