🎙 Vancouver Real Estate Market Update – September 2025
📊 Quick Highlights:
Sales: 1,959 homes sold in August → up 2.9% from last year, but still 19% below the 10-year average.
Detached Homes: Sales up 13% → 575 sold. Benchmark price: $1.95M (-4.8% year-over-year).
Townhouses: Sales up 10.5% → 409 sold. Benchmark price: $1.08M (-3.5%).
Condos: Sales down 5.5% → 956 sold. Benchmark price: $734K (-4.4%).
New Listings: 4,225 → slightly above seasonal average.
Inventory: 16,242 homes → up 17.6% year-over-year, 37% above 10-year average.
Sales-to-Active Listings Ratio: 12.4% overall → balanced market territory.
💡 What it means:
For Buyers:Â More inventory, softer prices, and room to negotiate.
For Sellers:Â Detached and townhouse markets showing signs of strength with higher-end buyers re-entering.
Looking Ahead: All eyes on the Bank of Canada rate decision this fall—it could shift momentum.