Vancouver Real Estate Market – July 2025

Real Estate Market Report | Vancouver | July 2025

Market Momentum Slows as Supply Gains the Upper Hand

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July 2025 Vancouver Real Estate: Sales Fall, Inventory Surges

Vancouver new residential listings chart showing monthly trends from 2019 to 2025, highlighting an 11% change in June 2025, with data visualized through color-coded lines representing various years.
Vancouver real estate sales trend chart for June 2025, showing a 21% decrease in sales compared to previous years, with colored lines representing data from 2019 to 2025.
Vancouver real estate inventory chart showing total supply trends from January to June 2025, highlighting a 38% increase compared to previous years, with data lines for 2019 to 2025.
Vancouver real estate market supply analysis chart for June 2025, showing months of supply trends from 2019 to 2025, highlighting a 64% increase in inventory.
Vancouver residential real estate price chart showing benchmark price of $1,173,100 and index trends from October 2018 to June 2025.

Vancouver’s market continues to transition into buyer-driven territory. Compared to the five-year June average, sales are down 21%, while new listings are up 11% and inventory has climbed 38%, pushing months of supply up 64%. Although the benchmark price rose 0.55% month-over-month, it remains down 5.67% year-over-year, now at $1,173,100. Conditions are tilting in favor of buyers, especially as elevated inventory gives them more options and leverage. Spring momentum offered a short-lived lift, but underlying fundamentals point to ongoing price pressure across most segments.

Vancouver's Detached Homes

Vancouver detached new listings trend graph for June 2025, showing a 7% change from previous years, with color-coded lines representing data from 2019 to 2025.
Vancouver detached sales trend graph showing significant drop of 20% in June 2025, with comparative data from previous years, highlighting buyer demand shifts and market dynamics.
Vancouver detached inventory chart showing total supply trends from 2019 to 2025, highlighting a 32% increase in June inventory levels, with monthly data points and color-coded year lines.
Vancouver detached homes market supply chart showing months of supply trends from 2019 to 2025, highlighting a 52% increase in June 2025.
Vancouver detached home prices chart showing benchmark and index trends, with a current benchmark price of $1,993,700 as of June 2025.

Detached homes saw sales drop 20%, while new listings increased 7% and inventory rose 32%, leading to a 52% jump in months of supply. The benchmark price climbed 1.55% month-over-month, but is still down 11.30% year-over-year, sitting at $1,993,700 (HPI 373.5). The monthly increase likely reflects seasonal strength, but the broader trend is clear: demand is weakening, and buyers are pushing back on price. Detached sellers will need to adjust expectations, as high carrying costs and broader market softness continue to erode pricing power.

Vancouver's Apartments

Vancouver apartment new listings trend chart showing monthly data from 2019 to 2025, highlighting a 9% change in June supply, with various colored lines representing different years against a blue background.
Vancouver apartment sales trend chart, showing a 25% decrease in June 2025 compared to previous years, with monthly sales data from January to December and color-coded lines representing different years.
Vancouver apartment inventory chart showing total supply trends from 2019 to 2025, highlighting a 39% increase in June 2025 compared to previous years.
Vancouver apartment month of supply chart showing significant 74% increase in June 2025, with trend lines for 2019 to 2025 indicating market dynamics and inventory levels.
Vancouver apartment prices chart showing benchmark price at $748,400 and index value at 346, illustrating market trends and price adjustments as of June 2025.

The condo market continues to soften under growing pressure. Sales are down 25%, while inventory is up 29%, and months of supply surged 74%. The benchmark price fell 2.43% month-over-month, now 4.67% lower year-over-year at $748,400 (HPI 346.3). As affordability issues and investor hesitancy persist, condos are losing steam, particularly in overbuilt areas. This segment is now in a clear correction cycle, and further pricing weakness is likely unless sales activity rebounds substantially in the second half of the year.

Vancouver's Attached Homes

Vancouver attached homes new listings chart showing 23% increase in June 2025 compared to previous years, highlighting market trends and supply dynamics.
Vancouver attached sales trend chart for June 2025, showing declining demand with an 11% decrease, featuring multiple colored lines representing yearly sales data from 2019 to 2025.
Vancouver attached inventory chart showing total supply trends from 2019 to 2025, highlighting a 50% increase in inventory in June 2025, with monthly fluctuations and year-over-year comparisons.
Vancouver attached homes month of supply chart, illustrating a 60% increase in supply, with data trends from 2019 to 2025, highlighting market dynamics and shifts in inventory levels.
Vancouver attached home price trend chart, showing benchmark price of $1,103,900 and index fluctuations from October 2018 to June 2025, highlighting market dynamics and inventory changes.

Attached homes saw new listings rise 23%, sales fall 11%, and inventory jump 50%, with months of supply climbing 60%. Prices fell 0.87% month-over-month, and are now 1.98% lower year-over-year, with a benchmark of $1,103,900 (HPI 385.6). This segment has moved from outperforming to under pressure, as supply outpaces demand. While it still offers a more affordable alternative to detached homes, the sharp increase in inventory gives buyers more leverage. Without a demand resurgence, this segment may see further price softening through the summer.

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