May 2025: Real Estate Market Insight
Jun 10, 2025
“Buyer hesitation continues to grow amid rising inventory”
Inventory levels across Metro Vancouver reach another ten-year high, while home sales registered on the MLS remained muted. The GVR reports that residential sales in the region totalled 2,228 in May 2025, an 18.5 % decrease from the 2,733 sales recorded in May 2024. This was 30.5 % below the 10-year seasonal average.
“On a year-to-date basis, sales in 2025 rank among the slowest to start the year in the past decade, closely mirroring the trends seen in 2019 and 2020. It’s worth noting that sales rebounded significantly in the latter half of 2020, but whether sales in 2025 might follow a similar pattern remains the million-dollar question.” Andrew Lis, GVR director of economics and data analytics.
We understand that market statistics can sometimes feel too general, leaving you wondering, “How does this apply to me?” To address this, we’ve detailed the sales activity in Downtown Vancouver, East Van, and the Westside. Our goal is to help you gain a clearer understanding of the real estate trends directly affecting your neighbourhood.
Downtown Vancouver:
- Market Type: Buyers Market at 11% Sales Ratio average (1.1 in 10 homes selling rate)
- Housing Prices: Homes are selling on average 2% below list price
- Most Active Price Band: Homes between $600,000 – $700,000 with average 21% Sales Ratio (Sellers market)
- Opportunity for Buyers: Homes between $2.75mil – $3mil, West End and minimum 4 bedroom properties
- Opportunity for Sellers: Selling homes in Coal Harbour, Downtown, Yaletown and up to 1 bedroom properties
Vancouver Westside:
Detached Housing
- Market Type: Buyers Market at 7% Sales Ratio average (7 in 100 homes selling rate)
- Housing Prices: Homes are selling on average 2% below list price
- Most Active Price Band: Homes between $2.25 mil – $2.5 mil / $3 mil – $3.5 mil with average 17% Sales Ratio (Balanced market)
- Opportunity for Buyers: Homes between $5.5 mil to $6 mil, South Granville and minimum 7 bedroom properties
- Opportunity for Sellers: Selling homes in Mt. Pleasant and up to 2 bedroom properties
Attached Housing
- Market Type: Balanced Market at 17% Sales Ratio average (1.7 in 10 homes selling rate)
- Housing Prices: Homes are selling on average 1% below list price
- Most Active Price Band: Homes between $400,000 – $500,000 with average 56% sales ratio (Sellers market)
- Opportunity for Buyers: Homes between $1.75 mil – $2 mil / $2.5 mil – $2.75 mil, Dunbar, Oakridge, SW Marine, S Cambie & S Granville
- Opportunity for Sellers: Selling homes in Kitsilano, Mount Pleasant and up to 1 bedroom properties
Vancouver Eastside:
Detached Housing
- Market Type: Balanced Market at 11% Sales Ratio average (1.1 in 10 homes selling rate)
- Housing Prices: Homes are selling on average 2% below list price
- Most Active Price Band: Homes between $1.25 mil – $1.5 mil with average 20% Sales Ratio (Balanced Market)
- Opportunity for Buyers: Homes between $2.75 mil – $3 mil, Collingwood, Fraserview, Hastings Sunrise, Killarney and Renfrew
- Opportunity for Sellers: Selling homes in Grandview Woodland and 3 to 4 bedroom properties
Attached Housing
- Market Type: Sellers Market at 18% Sales Ratio average (1.8 in 10 homes selling rate)
- Housing Prices: Homes are selling on average 2% below list price
- Most Active Price Band: Homes between $300,000 – $400,000 with average 50% Sales Ratio (Sellers Market)
- Opportunity for Buyers: Homes between $600,000 to $700,000 / $1.5 mil – $1.75 mil Downtown, Strathcona and all but 3 bedrooms
- Opportunity for Sellers: Selling homes in Champlain Heights, Hastings, Renfrew and 3 bedroom properties
Get in touch with us today to better understand your unique situation and get honest advice on how your home fits within the overall picture. It’s important to ensure you’re getting the right advice with your best interests at heart.
Let’s chat over a complimentary coffee and see how we can help with any questions you may have!
This report data was captured on June 1, 2025 from the Real Estate Board of Greater Vancouver MLS®. Refer to our YTD reports for sustained periods of the Sales Ratio %. The accuracy and completeness of the information is not guaranteed. In providing this information SnapStats® or Resident Experts do not assume any responsibility or liability.
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