Real Estate Market Report | Vancouver | June 2025
Market Cooling Deepens
With an uncertain economy on the horizon, homebuyers are looking to see what the final implications may be – the good news is that selling with Bōde mitigates that risk entirely by maximizing your equity, you’ll outperform traditional methods of buying and selling.
We help provide home buyers and sellers with the data they need to be successful. When you have access to accurate and relevant data, you can be more confident in setting the price of your home and selling it or buying at the right price.
With many important factors to consider (what kind of home you have, what community etc.), it’s important to look specifically at what the housing market is doing in your neighbourhood.
Bōdesellers are more successful and actually make more money, on average, than the rest of the market. We are also here to make sure you have the information you need to make the decisions that are right for YOU!
So what's happening in the Vancouver real estate market as of June 2025?
Let’s start with a Macroeconomics view
To understand what’s happening in the real estate market you have to look at supply and demand.
The best proxies for supply and demand are:
Supply
New supply: New Listings (i.e. the number of homes recently listed for sale)
Total supply: Inventory (i.e. the total number of homes listed for sale)
Demand
Sales (i.e. the number of homes recently sold)
Supply & Demand
Months of Supply (i.e. the number of months it would take to sell all current inventory at the current rate of sale)
These metrics are the best indicators of the health of the real estate market. Let’s look at what they show us.
Overall Vancouver Market
Vancouver’s housing market is firmly in correction territory. Sales are down 29% versus the five-year May average, while inventory has surged 39%, pushing months of supply up 78%. Despite this imbalance, the benchmark price jumped 4.57% month-over-month, landing at $1,177,100, though it remains 5.85% lower year-over-year. This sharp monthly rebound likely reflects short-term optimism or seasonal momentum, but structurally, the market is oversupplied and softening, especially in higher-density product types.
Vancouver's Detached Homes
Detached home sales plunged 31%, while inventory rose 32%, resulting in a 74% increase in months of supply. Benchmark prices fell 8.04% year-over-year, now sitting at $1,996,700 (HPI 374.1), despite a 2.23% bump in May. This slight monthly gain likely reflects spring listing dynamics, but the underlying trend is downward. Affordability constraints and high carrying costs are choking demand at the top of the market. Buyers hold significant negotiating power in this segment.
Vancouver's Apartments
The condo market continues to underperform. Sales are down 30%, inventory is up 42%, and months of supply rose 85%. Prices dipped 0.46% month-over-month and are down 3.64% year-over-year, with the benchmark at $757,300 (HPI 350.4). The surge in supply combined with reduced investor activity and affordability ceilings are placing steady downward pressure on values. Unless absorption improves, continued softness is likely through the summer.
Vancouver's Attached Homes
Attached homes (townhomes, duplexes) are showing relative strength. While sales fell 20%, new listings jumped 10%, and inventory rose 49%, the segment posted a 3.30% price gain month-over-month and is up 0.40% year-over-year to $1,106,800 (HPI 386.6). This performance suggests residual demand from move-up buyers priced out of detached homes. Still, with supply growing, the sustainability of this price growth will depend on whether demand can hold through the second half of 2025.
It’s critical to understand the dynamics in your local property market
To understand your local property market you need to look at your local data. Head over to Bōde’s new and improved Market Data dashboard, the only place where you can see all the data yourself, including being able to filter on community, property type, and price range to see exactly what’s happening where you live.
You can also see the sold price of any home that has sold in the last 2 years using Bode’s Sold Data page.
If you’re thinking about selling, take a look at how Bōde helps sellers sell for 1.3% higher prices while paying 50% less commission.
Want to Buy or Sell Your Home Easily?
Welcome to Bōde
Bōde has created a marketplace to allow you to get transparent home data, set your price, and list your home on MLS® (and 1000+ more sites). We will advertise your home and walk you through the whole sale process for 1% up to a maximum of $10K, only when the home sells.
Looking to buy? Bōde empowers buyers to purchase any Bōde property – for no charge.
With your free Bōde account, you are completely in charge of your home sale or purchase and get to keep more of the money you invested in your home!
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