Homebuyers and sellers in Metro Vancouver are watching closely: July 2025 brings encouraging signs of a market recovery.
✨ Key Highlights:
Residential sales on the MLS® reached 2,286 units in July 2025, just a 2% decline from 2,333 in July 2024—a notably tight gap compared to earlier in the year.
Still 13.9% below the 10-year seasonal average of 2,656.
5,642 properties were newly listed in July 2025—slightly up 0.8% year-over-year and 12.4% above the 10-year average of 5,018.
Total active listings stood at 17,168, up 19.8% year-over-year and a hefty 40.2% above the 10-year seasonal norm of 12,249.
📊 Sales-to-Active Listings Ratio & Market Balance
Despite the slowdown earlier this year, the sales-to-active listings ratio for July sits at 13.8%, with breakdowns by property type:
🏠 Detached homes: 10.2%
🏘 Attached homes (townhouses): 16.7%
🏢 Apartments: 15.9%
Historically, ratios below 12% suggest downward pressure on prices, while sustained ratios above 20% indicate upward pressure. At 13.8%, the market is in a balanced zone—favorable for buyers, although continued sales recovery could tighten conditions.
💰 Benchmark Price Trends
The MLS® Home Price Index composite benchmark for all residential properties in Metro Vancouver is $1,165,300, marking a 2.7% decrease year-over-year and 0.7% month-over-month decline from June.
By property type:
🏡 Detached homes: $1,974,400 — down 3.6% YoY and 1% MoM.
🏢 Apartments: $743,700 — down 3.2% YoY and 0.6% MoM.
🏘 Townhouses: $1,099,200 — down 2.3% YoY and 0.4% MoM.
🔍 What the Data Means for You
For Buyers:
✅ Conditions remain favorable—plenty of choice and balanced pricing.
🕒 Still time to negotiate, inspect, and benefit from the current supply.
For Sellers:
📈 A possible uptick in buyer activity may gradually shift leverage.
🎯 Pricing and presentation will be crucial to stand out as competition persists.
Economic Outlook:
With the Bank of Canada holding interest rates steady in July, borrowing cost stability may boost confidence—particularly during ongoing economic uncertainties.
📋 Summary Table
📞 Stay Informed — Let’s Talk About Your Real Estate Goals!
Whether you're navigating the market as a buyer or seller, it’s all about timing, local insight, and strategy.
Contact me today for personalized guidance:
Tara Kennedy – REALTOR®
📱 236-992-8989
📧 TaraKennedySells@gmail.com
🌐 www.TaraKennedy.ca
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