Market Report · Vancouver · May 2026
Vancouver Real Estate Market
May 2026
Supply grows and demand weakens as the overall benchmark tips negative year over year. April data shows what is shifting as the spring market moves through peak season.
01 Overall Market
Supply grows and demand weakens as the overall benchmark tips negative year over year.
April data shows above-average listing activity alongside continued demand weakness. New listings are 8% above the five year April average, while sales are down 19%. Inventory has increased 29%, pushing months of supply up 50%.
The benchmark price is $1,098,000, up 0.72% month over month but down 0.11% year over year. Market conditions continue shifting toward buyers as supply builds and pricing shows sustained downward pressure at the segment level.
$1,098,000
Benchmark price
-0.11%
Year over year
+29%
Inventory change
+50%
Months of supply
02 Detached Homes
Demand falls sharply as annual prices extend their decline past 3 percent.
Detached conditions show above-average supply with sharply weaker demand. New listings are 7% above the five year April average, while sales are down 14%. Inventory has risen 24%, increasing months of supply by 35%.
The benchmark price is $1,846,400, down 3.04% month over month and 3.69% year over year. Buyer resistance at elevated price points is translating directly into price softening, with both monthly and annual measures moving lower.
$1,846,400
Benchmark price
-3.69%
Year over year
+7%
New listings vs avg
-14%
Sales change
03 Condominiums
Annual decline deepens past 6 percent as sales fall and inventory accumulates.
Condominium conditions remain soft. New listings are 3% above the five year April average, while sales have dropped 24%. Inventory has climbed 27%, pushing months of supply up 55%.
The benchmark price is $703,000, up 1.24% month over month but down 6.86% year over year. The modest monthly recovery does not offset the sustained annual correction, which continues to reflect weak absorption across this segment.
$703,000
Benchmark price
-6.86%
Year over year
+3%
New listings vs avg
-24%
Sales change
04 Attached Homes
Listing surge drives the largest inventory gain in the Vancouver market.
The attached segment shows mixed performance with the highest listing growth of any Vancouver segment. New listings are 21% above the five year April average, while sales are down 15%. Inventory has increased 48%, lifting months of supply by 65%.
The benchmark price is $1,043,400, down 1.95% month over month and 1.51% year over year. Above-average listing volumes are amplifying the impact of softer demand, producing the largest relative inventory increase of any Vancouver segment.
$1,043,400
Benchmark price
-1.51%
Year over year
+21%
New listings vs avg
-15%
Sales change
Common Questions
Is Vancouver currently a buyer’s market or a seller’s market?
Vancouver is firmly in buyer’s market territory as of April 2026. Inventory is up 29%, months of supply has risen 50%, and the benchmark price has tipped into negative year over year territory. Buyers across all three segments carry meaningful negotiating leverage, particularly in condominiums and detached homes where annual price declines are most pronounced.
What is the benchmark price in Vancouver right now?
The overall benchmark price in Vancouver is $1,098,000 as of April 2026, up 0.72% month over month but down 0.11% year over year. Detached homes benchmark at $1,846,400, condominiums at $703,000, and attached homes at $1,043,400.
Which Vancouver property type is under the most pressure right now?
Condominiums show the steepest annual price decline at 6.86% year over year, while detached homes are down 3.69% annually and carry the sharpest monthly drop at 3.04%. Attached homes have the largest inventory surge at 48% and are down 1.51% year over year, though they are the least negative of the three segments on an annual basis.
Why are Vancouver prices falling if new listings are not dramatically above average?
New listings are only modestly above average at 8%, but sales have fallen far more sharply at 19% below average. When buyers absorb a much smaller share of available supply, inventory accumulates and sellers are forced to compete on price. The result is downward price pressure across all three segments even without a significant flood of new listings.
Is now a good time to sell in Vancouver?
Conditions favour buyers right now, with prices declining year over year across all segments and supply at elevated levels. Sellers who need to move should price based on current comparable sales rather than prior peak values, as buyers have both data and choices on their side. Your free Bode Homeowner Dashboard tracks your property’s current value and local market conditions continuously so you can make an informed decision.
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