Vancouver Real Estate Market Update – December 2025
What Really Happened in November’s Housing Market
Hi everyone, it’s Cari Mai with your Vancouver real estate market update for December 2025!
Let’s dive into what actually unfolded in the Vancouver housing market this past month — because the numbers paint a very clear picture.
Sales: A Sharper-Than-Usual Slowdown 🐌
Across Greater Vancouver, home sales dropped 18% from October, which is double the typical seasonal slowdown.
Year-over-year, sales were down 16%, with:
- Condos: ⬇️ 18%
- Townhomes: ⬇️ 18%
- Detached homes: ⬇️ 13%
All of this puts 2025 on track for the lowest annual sales count in at least 20 years — a significant marker in the Vancouver real estate market.
Listings: Fewer New Listings, But High Overall Inventory 🏘️
On the listing side, new listings fell 29% month-over-month, which is deeper than the usual 22% drop we expect between October and November. That part is seasonal — fewer homeowners list during the holidays.
But here’s the twist: despite fewer new listings, overall housing inventory remains elevated:
- 15% higher than last year
- 36% above the 10-year November average
Even with an 8% month-over-month dip (totally normal for November), we’re still in a high-supply environment, which continues to shape the Vancouver buyers’ market conditions we’re seeing.
What This Means for Buyers 🛍️
If you’re watching the Vancouver real estate market closely, this winter may be one of the most favourable buying windows we’ve seen in years:
- More selection
- Less competition
- Motivated sellers
- Increased negotiating power
For anyone looking to get into the market or move up, the conditions are unusually balanced toward buyers.
What This Means for Sellers 💰
Sellers can still succeed — but strategy matters more than ever.
With buyers taking their time and comparing options, it’s crucial that you:
- Price accurately
- Prepare and present your home well
- Stand out among higher inventory levels
In today’s Vancouver housing market, the best-prepared listings get the best results.
If you’re thinking about buying or selling in early 2026, or just want a clearer picture of where the Vancouver real estate market is heading, feel free to reach out. I’m always here to help you navigate with confidence.
