residentexperts
✨March Stats✨
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“A market full of opportunity, but also hesitation”
The Greater Vancouver Realtors (GVR) reports that residential sales totalled 2,091 in March 2025, a 13.4% decrease from 2,415 sales from March 2024. This is 36.8% below the 10-year seasonal average.
“If we can set aside the political and economic uncertainty tied to the new U.S. administration for a moment, buyers in Metro Vancouver haven’t seen market conditions this favourable in years,” said Andrew Lis, GVR’s director of economics and data analytics.
Vancouver’s real estate marketing is facing a unique mix of conditions. Mortgage rates have dropped steadily since last April from 5% to current rates at 2.75% making borrowing more affordable than it’s been in years. Active listings on the MLS are their highest in nearly a decade giving buyers plenty of choices. Sellers appear ready to engage, but buyer activity has been slower than usual for this time of year.
DETACHED SALES:
Reached 527 sales, a 24.1% decrease from last March which was 694 sales. (BENCHMARK price is $2,034,400).
APARTMENT SALES:
Reached 1,084 sales, a 10.2% decrease from last March which was 1,207 sales. (BENCHMARK price is $767,300).
TOWNHOUSE SALES:
Reached 472 sales, a 4,6% decrease from last March which was 495 sales. (BENCHMARK price is $1,113,100).
Want to know more?
Check out our latest blog post (link in bio) for a deep dive into current trends and sales data across key neighborhoods. We’re committed to sharing clear, neighborhood-specific insights to help you stay informed and confident in your real estate decisions.
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