Chat

Get in touch - Side Form

RSS

Greater Vancouver Housing Market Update for March

Greater Vancouver Housing Market Update for March

"A market made for buyers is missing buyers."

*Sales volume compared to March 2024 decreased about 11.4% and for the month was 36.8% below the 10-year seasonal average.

*The total number of listings available today is 37.9% higher than March 2024 and 44.9% above the 10-year seasonal average.

*Pricing changes compared to February 2025:

- Overall: +0.5%

- Detached: +0.4%

- Apartments: +1.0%

- Attached: +0.2%

*Sales-to-Active Ratio:

- Overall: 14.0%, a 0.1% increase from February 2025.

- Detached: 10.3% (-0.4%)

- Attached: 21.5% (+3.0%)

- Condominiums: 16.2% (-0.6%)

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.

For real estate related questions, please contact a Trusted Real Estate Advisor, Eva Li.  www.EvaLi.ca

Award winning services. Serving Vancouver real estate market since 1990 with proven track records.