May 2025 Market Update

🏡 Vancouver Real Estate Market Update  📊

🔹 Home Sales: 2,228 (-18.5% YoY)

🔹 New Listings: 6,620 (+3.9% YoY)

🔹 Total Listings: 17,094 (+25.7% YoY)

🔹 Benchmark Price: $1.177M (-2.9% YoY, -0.6% MoM)

📉 Market Insights:

▪️ Sales-to-active listings ratio: 13.4% → Balanced market

▪️ Detached home price: $1.997M (-3.2% YoY)

▪️ Apartment price: $757K (-2.4% YoY)

▪️ Attached home price: $1.106M (-3.4% YoY)

📊 2025 Outlook:

With strong inventory levels, sellers are more flexible on pricing, giving buyers more room to negotiate and keeping prices stable. After a slow spring, summer could see a boost in activity, and the market continues to favor buyers—great news for those ready to purchase.

If you’re navigating the Maple Ridge, Pitt Meadows, or Greater Vancouver real estate market, Telep Team is here to help. Contact us for a no-obligation consultation to discuss your real estate goals.