Greater Vancouver Housing Market Update (May 2025):
"Buyers remain hesitant as inventory builds”
Summary for May 2025:
Sales volume compared to May 2024 decreased about 18.5% and for the month was 30.5% below the 10-year seasonal average.
Total number of listings available on MLS today is 25.7% higher than May 2024 and 45.9% above the 10-year seasonal average.
Pricing changes compared to April 2025:
- Overall: -0.6%
- Detached: -2.4%
- Apartments: -0.7%
- Attached: +0.4%
Sales-to-Active Ratio:
- Overall: 13.4%
- Detached: 10.2%
- Attached: 17.4%
- Condominiums: 14.7%
Analysts say that downward pressure on home prices occurs when the ratio dips below the 12% mark for a sustained period, while home prices often experience upward pressure when it surpasses 20% over several months.
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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.