July defied the usual summer slowdown, with home sales reaching their highest point of the year — up 2% month-over-month from June instead of the typical 12% seasonal drop. While that’s a promising sign of increased activity, sales still ranked as the 3rd fewest for the month of July in a decade.
Sales Activity in Greater Vancouver
In July 2025, 2,286 homes sold across Greater Vancouver, just 2% lower than the same month last year. Breaking it down by property type:
- Detached homes: Sales fell 4% year-over-year.
- Apartments: Sales dipped 3% compared to July 2024.
- Townhouses: Sales increased 5%, making them the standout performer.
This uptick in activity suggests that buyer confidence is slowly returning, especially in the townhouse segment.
Inventory Levels Remain High 📈
Inventory is holding steady at around 17,000 homes for sale, which is 40% higher than the long-term average. This level of supply is giving buyers more choices and maintaining balanced conditions in most areas.
Home Prices Hold Steady
The MLS® Home Price Index benchmark price for all residential properties in Metro Vancouver is $1,165,300. This represents:
- A 3% decrease from July 2024
- A 0.7% decrease from June 2025
While prices have softened slightly compared to last year, they remain relatively stable on a month-to-month basis thanks to steady demand and high inventory.
What This Means for Buyers and Sellers 🏡
The Vancouver real estate market is showing early signs of recovery. If sales momentum continues, the current buyer-friendly conditions — with high inventory and stable prices — may begin to shift in favour of sellers.
For buyers: Now is a great time to explore the market with more choices and less competition than in past years.
For sellers: Pricing strategically is still key, but increased activity may bring more negotiating power in the months ahead.
Ready to Make Your Move? 📲
If you’re thinking about buying or selling in Vancouver, now’s the time to start planning. Call, text, or DM me today and let’s talk about your best options before the market changes.
