June 2025 Market Vancouver Real Estate Report

June brought some interesting shifts to Vancouver’s housing market. Buyers became pickier, sellers more cautious, and a previously overheated market began settling into a calmer rhythm. Let’s dive into the facts and discover what's really happening in Vancouver's real estate landscape.

Stabilizing Home Sales Mark Turning Point in Vancouver

Home sales across Metro Vancouver came in at 2,181 in June, a noticeable decline of 9.8% compared to the 2,418 sold a year earlier. But here's the catch: the month-over-month slowdown was significantly less severe compared to May, suggesting buyers may slowly be returning. While not explosive growth, it's a clear sign the market is steadying itself.

Meanwhile, new listings surged to 6,315 in June—up 10.3% from June 2024. This rise in available homes exceeded the usual seasonal average, giving buyers far more choices. Yet sellers face stiffer competition, needing to sharpen their pricing strategies. The overall takeaway? June hinted strongly at a more balanced real estate environment ahead.

Detached Listings Surge Amid Slight Price Retreat

Detached homes sold in June totaled 657, marking a 5.3% drop from 694 sold in June 2024. Despite fewer sales, available detached home listings surged beyond 6,650. This spike in inventory created a buyer-friendly environment, allowing home shoppers more room to negotiate.

On pricing, detached homes saw a modest dip. The benchmark price settled at $1,994,500, representing a year-over-year decrease of 3.2%. From May, this was just a slight 0.1% reduction, but it reflects buyers holding more power. Sellers must now become strategic with pricing, as buyers gain confidence in negotiating deals.

Townhomes Gain Momentum with Rising Sales

Unlike detached homes, townhomes showed noticeable strength in June. Sales rose by 3.7% compared to the previous year, reaching 473 units sold versus 456 in June 2024. Clearly, townhouses are becoming increasingly popular, blending affordability with convenience in a competitive market.

Even though townhome prices softened slightly to a benchmark of $1,103,900—down approximately 3% from June 2024—the sales uptick shows resilience. This indicates strong consumer interest and hints that buyers view townhomes as attractive alternatives, particularly amidst fluctuating detached home prices. For sellers, the market remains active but demands careful pricing.

Condo Market Eases Yet Inventory Remains High

Condominiums experienced a noticeable slowdown. Sales dropped to 1,040 units in June, a sharp decline of 16.5% from the 1,245 condos sold in June 2024. The condo sector is feeling the impact of an abundance of available units, leaving buyers less pressured to rush decisions.

Benchmark prices also slipped, settling at $748,400. This represents a 3.2% decrease from a year ago and a 1.2% drop from May. With plentiful choices, buyers now have the upper hand, able to take their time to find exactly what they're looking for. Sellers, meanwhile, must showcase their units creatively to stand out amid growing competition.

Inventory Levels Reach Record Heights in Metro Vancouver

June ended with an unprecedented 17,561 active property listings—a 23.8% increase from June 2024 and almost 44% higher than Vancouver’s ten-year seasonal average. The jump in inventory has reshaped the market entirely, placing significant power into buyers' hands, who can now shop around extensively before committing.

This surge in available properties puts extra pressure on sellers. Buyers are now selective, pushing sellers to price properties realistically. This record-breaking inventory situation sets the stage for careful negotiations, strategic marketing, and potentially slower sales until balance is restored.

Benchmark Prices Drift Downward Across Property Types

Across Vancouver, benchmark prices slowly drifted downward, reaching an overall composite price of $1,173,100. This is 2.8% lower than last year and a small monthly decrease of 0.3%. Each property category—detached, attached, and condo—followed a similar downward trajectory, reflecting a consistent price adjustment across the region.

Detached homes declined by about 3.2%, townhomes fell roughly 3%, and condos dropped by 3.2% year-over-year. These price adjustments aren't alarming, but they signal caution in the market. Sellers must keep their expectations in check, understanding buyers now have more leverage and greater negotiation strength.

Sales-to-Active Listing Ratios Indicate Balanced Market

June's sales-to-active listing ratio landed at 12.8%, reflecting a healthy balance between supply and demand. Detached homes registered a ratio of 9.9%, slightly tilted towards a buyer’s market, while attached homes and condos showed more balanced ratios at 16.9% and 13.9%, respectively. These figures indicate no extreme advantage for either buyers or sellers, promoting stability.

With this balance, buyers and sellers can enter transactions more predictably, minimizing surprises. The market's new equilibrium allows measured decisions rather than rushed deals. Buyers can take their time, and sellers must remain competitive without underselling their properties.

Housing Starts Spike Boosting Multi-Family Supply in BC

While sales and inventory dominated the headlines, housing starts also surged, particularly for multi-family units. Builders in British Columbia have ramped up construction of condos and townhouses, significantly increasing upcoming supply. This construction boom will eventually ease the pressure on existing properties and may help moderate future price hikes.

For homebuyers, this development signals more affordable options on the horizon. Sellers must anticipate increased competition not only from current listings but from new developments entering the market. The spike in housing starts represents an essential balancing factor for Vancouver’s future housing affordability.

Make the Smart Move—Partner with Realtor Paul Eviston Today

With Vancouver’s real estate market experiencing significant changes, choosing the right realtor makes all the difference. Paul Eviston offers expert guidance, backed by deep local market insights, to help you confidently navigate each decision. Whether you're selling your cherished home or looking to invest in a new property, our team's personal approach ensures your needs remain central. Our team's wealth of experience helps you effectively price, stage, and market your property, maximizing its value without stress or guesswork.

Buyers benefit equally from Paul's comprehensive knowledge of Vancouver’s diverse neighborhoods and emerging trends. We skillfully match your lifestyle preferences and financial goals with ideal properties, simplifying your search and eliminating uncertainty. Paul Eviston’s proven strategies, clear communication, and unwavering dedication transform potentially challenging real estate transactions into seamless experiences. Don’t leave your future to chance—partner with a realtor whose reputation for excellence and trust is unmatched. Contact us today to take the first step toward achieving your real estate dreams with confidence and clarity.