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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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So what's happening in the Vancouver real estate market as of July 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

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

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

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.

It’s critical to understand the dynamics in your local property market

To understand best, you need relevant data based on your home.  No tool available can do that better than Bōde’s homeowner dashboard.  To get yours, click here

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