Vancouver Real Estate Market Update – July 2025
The Vancouver real estate market is settling into a more balanced rhythm this summer, offering new opportunities for both buyers and sellers. In June, there were 2,181 home sales across Metro Vancouver, a 9.8% decline from the same time last year. While sales are still down year-over-year, the pace of decline has slowed compared to previous months, suggesting that buyer activity is starting to stabilize.
What’s particularly notable is the sharp rise in inventory. With 17,561 active listings on the MLS®, Vancouver reached its highest inventory level in years—up nearly 24% from June 2024 and 43% above the 10-year seasonal average. This gives buyers significantly more choice and negotiating power than they’ve had in recent memory. The sales-to-active listings ratio currently sits at 12.8%, placing the market firmly in balanced territory, with a slight lean in favour of buyers.
Prices continue to show mild downward pressure. The MLS® Home Price Index benchmark price for all property types is now $1,173,100, down 2.8% from a year ago and 0.3% lower than May. Detached homes are averaging just under $2 million, townhouses around $1.1 million, and apartments near $748,000. Average sale prices, which can be more volatile, also fell, with detached homes down about 11% year-over-year. National forecasts project an overall 2% price decline for Vancouver in 2025, reflecting ongoing buyer hesitancy amid high inflation and international uncertainty.
For buyers, this is one of the most promising moments we’ve seen in years. With inventory surging and prices softening, those entering the market—especially first-time buyers—have a rare advantage. Condos and townhomes in particular are showing more activity, with relatively stronger sales ratios than detached homes. Neighbourhoods such as Hastings-Sunrise, Grandview-Woodland, and Renfrew-Collingwood are emerging as great value areas with growth potential. These communities offer walkability, transit access, and character, making them attractive for both homeowners and investors.
Lifestyle-focused buyers continue to be drawn to neighbourhoods like Kitsilano and Mount Pleasant, where demand remains consistent despite broader market shifts. These areas appeal to professionals and young families looking for vibrant communities close to amenities and the downtown core.
Sellers, on the other hand, are facing a more competitive landscape. While homes are still selling—especially in desirable areas—there’s no question that increased supply and more selective buyers are putting pressure on pricing. Detached homes in particular are experiencing slower turnover, with a sales-to-listings ratio below 10%. In contrast, well-priced condos and townhomes are moving more steadily. Sellers in higher-demand markets such as Yaletown, South Granville, and Vancouver West still have an edge, but smart pricing and strong presentation are now essential.
In summary, the Vancouver market in July 2025 is defined by high inventory, steady buyer interest, and modest price adjustments. Buyers have leverage they haven’t seen in years, while sellers need to be strategic to succeed. Whether you’re looking to buy into a growing neighbourhood or sell in a premium pocket of the city, understanding current conditions is key to making the most of this market cycle.