GVR Market Review
Home Sales Showing Stabilization — Inventory Still Elevated
Wondering what changed in Metro Vancouver's real estate market last month?
June’s Snapshot
The big news this month is an increase in sales through the Greater Vancouver area. 2,181 home sales were recorded in June—while that is still a 9.8% decline year-over-year, the drop was half of May’s, signaling signs of stabilization. May 2025 had 18.5% fewer sales when compared to May 2024.
Two thirds of the market remains statistically balanced (there is downward pressure on detached homes) despite the number of listings being 44% above the 10-year average and a 10.3% increase over last June. Summer usually marks a market slow down, however the first six months of 2025 has been out of character and if June's trajectory continues, we may finally be heading towards a busy market which will see supply driven down.
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Let’s break down the numbers and what they mean for you.
Market at a Glance
Sales Activity:
- 2,418 residential sales in June 2025
- Down 9.8% from June 2024
- 47 less sales compared to May 2025
- 25.8% below the 10-year average
New Listings:
- 6,215 properties listed in June 2025
- Up 10.3% from June 2024
- 12.7% above the 10-year seasonal average
Total Active Listings:
- 17,561 homes on the market
- Up 23.8% from June 2024
- 43.7% higher than the 10-year average
MLS® HPI Composite Benchmark Price:
- $1,173,100
- Down 2.8% year-over-year
- Down 0.3% from May 2025
Despite the headline Greater Vancouver still favors buyers. Progress is being made but the number of listings is still historically high.
Prices remain relatively stable. Number of new listings continues to trend upwards.
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Sales-To Active Listing Ratio June 2025
Data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.
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Breaking Down the Property Types
Detached Homes
- 657 sales in June 2025
- Down 5.3% from June 2024
- 3 more sales than May
- Benchmark Price: $1,994,500
- Down 3.2% from June 2024
- Down 0.1% from May 2025
Apartment Homes
- 1,040 sales in June 2025
- Down 16.5% from June 2024
- 47 less than May
- Benchmark Price: $748,400
- Down 3.2% from June 2024
- Down 1.2% from March 2025
Attached Homes (Townhouses)
- 473 sales in June 2025
- Up 3.7% from June 2024
- 4 more than May
- Benchmark Price: $1,103,900
- Down 3% from June 2024
- Down 0.3% from May 2025
Metro Vancouver Market Highlights June 2025:
What's Driving Trends?
A number of factors are coming together to create relative stability in the Great Vancouver area:
The Greater Vancouver real estate market is currently being shaped by a mix of elevated inventory levels, seasonal shifts, and early signs of stabilizing buyer demand. While total sales remain below the 10-year average, June marked a smaller year-over-year decline than previous months—suggesting a potential turning point. Active listings are 44% above seasonal norms, giving buyers more choice and leverage, especially in the detached segment where downward price pressure persists. At the same time, balanced conditions in the apartment and townhouse markets are helping hold prices relatively steady. The combination of increased selection, flat pricing, and a possible return of buyer confidence is creating an environment where both buyers and sellers are watching closely—ready to move when the timing feels right.
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Expert Insight
Andrew Lis, Director of Economics and Data Analytics at Greater Vancouver REALTORS®, reflects on the latest housing data:
“As we transition into summer, it's encouraging to see more sales occurring. This suggests some movement in the market despite ongoing affordability challenges and economic uncertainty.”
Lis also pointed out:
“Even with listings at a 10-year high, benchmark prices have only edged slightly lower. This signals that sellers aren’t panicking, and buyers still see long-term value in the region’s housing market.”
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What This Means for Buyers & Sellers
Buyers benefit from:
- Rising inventory—more selection and negotiation leverage
- Stable pricing—confidence value will hold
- Improved mortgage rates—lowest interest rates in nearly two years
Sellers should:
- Position homes strategically—rise above comparable homes by emphasizing your strengths
- Actively seek qualified buyers—interest is returning slowly, advertising your listing is essential
- Launch your home on the right foot—first impressions are everything in a busy market
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June marked buyers slow return to the market as home sales stabilize
Greater Vancouver Home Sales 2025 VS 2024
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Looking Ahead
Sales are stabilizing, inventory remains robust, and prices aren’t sliding—this paints a balanced market with emerging buyer momentum. If June activity holds and turns in to a larger trend we may soon see year-over-year sales growth, signaling renewed confidence and activity ahead.
Balanced conditions, steady pricing, and cautious optimism continues—buyers and sellers who monitor pace and strategy now will be best positioned when the next wave of demand hits.
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CLICK HERE FOR THE FULL GVR June 2025 STATISTICS PACKAGE
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