Home Sale Trend Stabilizing in June
While overall home sales remain lower than last year, the pace of decline has slowed significantly, suggesting that buyer demand may be gradually returning.
Metro Vancouver Real Estate Market Snapshot – June 2025
After a turbulent first half of 2025, Metro Vancouver’s housing market is showing early signs of stabilization. While overall home sales remain lower than last year, the pace of decline has slowed significantly, suggesting that buyer demand may be gradually returning.
According to the Greater Vancouver REALTORS® (GVR), residential home sales totalled 2,181 in June 2025—down 9.8% from the 2,418 sales recorded in June 2024. While still lagging behind the 10-year seasonal average of 2,940 by 25.8%, this year-over-year decline is nearly half the rate of May’s decline, indicating momentum is building.
“Signs are emerging that sales activity is rounding the corner after a challenging first half to the year,” said Andrew Lis, GVR’s Director of Economics and Data Analytics. “If this momentum continues, it may not be long before sales are up year-over-year.”
Key Market Indicators – June 2025
| Metric | June 2025 | June 2024 | % Change YoY | 10-Year Avg |
|---|---|---|---|---|
| Residential Sales | 2,181 | 2,418 | -9.8% | 2,940 |
| New Listings | 6,315 | 5,723 | +10.3% | 5,604 |
| Total Active Listings | 17,561 | 14,182 | +23.8% | 12,223 |
| Sales-to-Active Listings Ratio | 12.8% | — | — | — |
Sales-to-Active Listings by Property Type
| Property Type | Ratio |
|---|---|
| Detached Homes | 9.9% |
| Attached Homes | 16.9% |
| Apartments | 13.9% |
A ratio below 12% generally suggests downward pressure on prices, while a sustained ratio above 20% points to upward pressure. June’s numbers indicate balanced to slightly soft conditions.
Benchmark Prices – June 2025
| Property Type | Benchmark Price | YoY Change | MoM Change |
|---|---|---|---|
| All Properties | $1,173,100 | -2.8% | -0.3% |
| Detached Homes | $1,994,500 | -3.2% | -0.1% |
| Apartments | $748,400 | -3.2% | -1.2% |
| Townhomes | $1,103,900 | -3.0% | -0.3% |
Sales by Property Type
| Property Type | Sales (June 2025) | June 2024 Sales | % Change YoY |
|---|---|---|---|
| Detached Homes | 657 | 694 | -5.3% |
| Apartments | 1,040 | 1,245 | -16.5% |
| Attached Homes | 473 | 456 | +3.7% |
Balanced Conditions Benefit Buyers
Despite reduced sales volumes, buyers are now facing some of the most favorable conditions in years. Inventory levels have surged to over 17,500 listings, while mortgage rates are down by around two percentage points from the peak in summer 2024. These trends have helped keep prices stable, though modest downward pressure continues.
“With over 17,000 listings on the market right now, and with mortgage rates down... buyers are enjoying some of the most favourable conditions seen in years,” Lis added.
