The Metro Vancouver real estate market is showing signs of a gradual recovery. With easing home prices and more buyers stepping off the sidelines, now is a great time to understand the latest trends. Whether you’re planning to buy, sell, or stay informed, here’s a detailed look at the August 2025 market.
📈 Overall Market Activity in August 2025
Key metrics for August 2025 highlight renewed activity across the region:
🏠 Total home sales: 1,959 — up 2.9% compared to August 2024
📋 New listings: 4,225 — slightly ahead of last year and on par with the 10-year seasonal average
📍 Active listings: 16,242 — a significant increase from last year and well above the long-term average
Insight: Increased sales activity suggests more buyers are entering the market while listings remain healthy. This could be the perfect window to make a move.
🏘️ Sales by Property Type
🏡 Detached Homes
📈 Sales increased ~13% year-over-year
💲 Benchmark price: ~$1,950,300
⬇️ Down ~4.8% from last year and slightly lower than July
🏠 Attached Homes / Townhouses
📈 Sales rose ~10.5%
💲 Benchmark price: just over $1,079,600
⬇️ Down ~3.5% year-over-year
🏢 Apartments / Condos
📉 Sales slipped ~5.5% compared to August 2024
💲 Benchmark price: ~$734,400
⬇️ Down ~4.4% year-over-year
Insight: Buyers are returning to higher-priced detached and attached homes, while apartment sales remain slightly slower.
⚖️ Market Balance & What It Means
The sales-to-active listings ratio is a key indicator of market balance:
📊 All property types: 12.4%
🏡 Detached homes: ~9.3%
🏠 Attached homes: ~15.8%
🏢 Apartments: ~14%
Market implications:
📉 Ratio <12% → downward pressure on prices
📈 Ratio >20% → upward pressure on prices
🗝️ Currently, buyers hold meaningful leverage
💲 Price trends:
Prices have eased ~2% since the start of the year
Month-over-month, prices dropped ~1% from July to August
Sellers are adjusting expectations, creating more opportunities for buyers
🔍 Spotlight & Key Trends
💼 Higher-end buyers are returning to detached and attached homes
📊 Rising sales may gradually reduce available inventory
⏳ Buyer-friendly market conditions may not last long
📈 If ratios climb toward 20%, sellers could regain leverage, pushing prices upward
Takeaway: Timing is critical. Acting before inventory tightens or prices shift can provide a competitive advantage.
✨ What This Means for Buyers & Sellers
🏘️ If you’re thinking of buying or selling, now may be a sweet spot
📊 Understanding neighbourhood specific trends can provide a competitive edge
🤝 Partnering with an experienced REALTOR® ensures you navigate the market confidently
📞 Contact Tara Kennedy – REALTOR®
📱 236-992-8989
Stay informed, make smart real estate decisions, and take advantage of current market opportunities!
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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.