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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