🏡 Metro Vancouver Real Estate Update – May 2025: Buyer Advantage Grows as Inventory Peaks

The Greater Vancouver real estate market continues to evolve, and May 2025 was no exception. According to the Greater Vancouver REALTORS®, we’ve reached the highest inventory levels in 10 years, while sales remain muted — creating a favorable environment for buyers.

📊 Key Stats for May 2025:

• Total Sales: 2,228 homes (⬇️18.5% from May 2024)

• New Listings: 6,620 (⬆️3.9% YoY)

• Active Listings: 17,094 (⬆️25.7% YoY)

• Benchmark Price (All Properties): $1,177,100 (⬇️2.9% YoY)

• Sales-to-Active Listings Ratio: 13.4%

  • Detached: 10.2%

  • Attached: 17.4%

  • Apartments: 14.7%

🔎 What Does This Mean?

• We're firmly in a balanced-to-buyer’s market, especially in the detached sector.

• Many sellers are adjusting their prices, giving buyers more leverage.

• Despite a slower-than-usual spring, we may be heading toward a surprisingly active summer market as buyer confidence returns.

This may be the perfect opportunity to explore your options whether you’re buying, selling, or investing. The market is shifting—let’s make it work in your favour.

📲 Ready to talk strategy or curious what your home is worth in today’s market?

✨ Tara Kennedy
🏡 REALTOR®, ABR, RENE, SRS
📞 236-992-8989
🌐 TaraKennedy.ca
📧 TaraKennedySells@gmail.com

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