After a really slow 6-month start to home sales this year, it looks like the market is finally catching its breath. Sales in June were down just 10% compared to last year — that’s half the drop we saw in May.
Hi it’s Cari Mai, and here’s your Vancouver real estate market update for July 2025!
Inventory Levels Hit a 10-Year High Across Greater Vancouver 📈
We had over 6,300 homes newly listed in June, which is more than usual for this time of year. And get this — there are over 17,500 homes currently on the market across Greater Vancouver. That’s the highest June inventory in over a decade! However, inventory levels are not building as quickly when compared with the last few months.
Home Prices Hold Steady, with Small Year-over-Year Declines 📉
The market conditions are still very much in the buyers’ favour. Prices have been holding steady, with the benchmark home price sitting at $1,173,100, down just 0.3% from May and 2.8% from last year.
Detached homes and condo prices are both down 3.2% year over year to just under $2M ($1.99M) and just under $750,000 ($748,400), respectively. Townhomes are down 3% to $1.1M, but actually saw a slight bump in sales — one of the few segments showing growth!
Buyer-Friendly Market Conditions Return in Summer 2025 ☀️
With more inventory and mortgage rates nearly 2% lower than last summer, we’re seeing some of the best conditions for buyers in years.
If you’re thinking of buying or selling this summer? Let’s chat — the market is shifting, and preparation matters more than ever.
