Hi, it’s Cari Mai, and here’s your Vancouver real estate market update for September 2025.
After hitting a peak in July, home sales across Metro Vancouver slowed in August — dropping 17% month-over-month. That’s nearly double the typical 9% July-to-August dip.However, compared to last year, sales actually rose nearly 3%, as easing home prices encouraged more buyers to re-enter the market.The strongest activity was in detached and townhouse sales, both up over 10% year-over-year. Condos, on the other hand, dipped slightly.Inventory remains high at over 16,000 active listings, which is about 37% above the 10-year average. The good news? Supply is beginning to trend downward, which could help balance conditions moving into fall.Since January, home prices in Vancouver have eased about 2%, with another 1% drop just last month. The MLS® benchmark price now sits at $1,150,400 — nearly 4% lower than last year.This shift is giving buyers a bit more negotiating power, especially in higher-inventory segments like condos and older detached homes.
- For Sellers: Many are adjusting price expectations to meet today’s more selective buyers. Pricing strategically is essential if you want to stand out in this market.
- For Buyers: This is still a buyer-friendly window, but if sales momentum keeps building, conditions could tighten as we head toward year-end.
If you’re wondering whether this is the right moment to buy or sell, let’s connect. Every neighbourhood and property type moves differently, and I can help you understand what’s happening in your specific market area.📩 Reach out today to explore your options in Vancouver’s evolving housing market.
Hi, it’s Cari Mai, and here’s your Vancouver real estate market update for September 2025.