Vancouver – The Greater Vancouver REALTORS® (GVR) has released its June 2025 market report, revealing a continued cooling in the region’s housing market, with sales declining and inventory levels rising.
Residential sales across Metro Vancouver totalled 2,181 last month — a 9.8 per cent drop compared to the 2,418 homes sold in June 2024. Sales were also significantly below the region’s 10-year seasonal average, sitting 25.8 per cent lower than the typical 2,940 sales recorded for June.
Despite the slowdown in sales, listings are on the rise. A total of 6,315 detached, attached, and apartment properties were newly listed on the MLS® in June — up 10.3 per cent from June 2024 and 12.7 per cent above the 10-year average.
The total inventory of homes listed for sale in Metro Vancouver now stands at 17,561 — a sharp 23.8 per cent increase from the 14,182 listings in June 2024. This is 43.7 per cent above the 10-year seasonal average, giving buyers more options in a gradually softening market.
The sales-to-active listings ratio, a key indicator of market conditions, sits at 12.8 per cent. By property type, detached homes are at 9.9 per cent, attached homes at 16.9 per cent, and apartments at 13.9 per cent. Analysts note that when this ratio falls below 12 per cent for a sustained period, it typically results in downward pressure on prices.
Benchmark Prices See Modest Declines :
The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver now sits at $1,173,100. This marks a 2.8 per cent decrease compared to June 2024 and a 0.3 per cent dip from May 2025.
- Detached Homes: Sales fell 5.3 per cent year-over-year to 657 units. The benchmark price is now $1,994,500 — down 3.2 per cent annually.
- Apartments: Sales dropped 16.5 per cent to 1,040 units. The benchmark price is $748,400, representing a 3.2 per cent annual decrease.
- Townhouses (Attached): Sales rose 3.7 per cent year-over-year to 473 units, but prices slipped 3 per cent to $1,103,900.
With supply building and demand easing, market watchers suggest buyers may continue to see price softening through the summer unless sales activity picks up.