The Stats
After a slow start to the year, June 2025 brought signs of recovery to Metro Vancouver’s real estate market. Home sales remained lower than last year’s levels, but the decline is easing, hinting that buyer activity may finally be turning a corner.
According to the Greater Vancouver REALTORS® (GVR):
Sales
- 2,181 homes sold in June 2025, down 9.8% from June 2024 (half the year-over-year decline seen in May).
- Sales remain 25.8% below the 10-year seasonal average, but the pace of decline is slowing.
Listings
- New listings rose to 6,315, up 10.3% from last June and 12.7% above the 10-year average.
- Total active listings climbed to 17,561, a 23.8% increase year-over-year and 43.7% above the 10-year average.
Market Status
The sales-to-active listings ratio for June was 12.8%, keeping most of the market in balanced territory:
The sales-to-active listings ratio for June was 12.8%, keeping most of the market in balanced territory:
- Detached homes: 9.9% (buyer’s market)
- Townhomes: 16.9%
- Apartments: 13.9%
What this Means
The data suggests that the market is starting to stabilizing, with the very encouraging June sales showing a 50% improvement over May. With new listing numbers up 10.3% this year, we see the trend of elevated supply continuing, giving buyers more options and negotiating power than in previous years. Working in combination, these circumstances have yielded a 12.8% sales-to-active ratio. And historically, we have seen that prices tend to fall when this ratio stays below 12%, and rise when it remains above 20%. Additionally mortgage rates have decreased roughly two points since summer 2024 and for buyers, it’s a window of opportunity: stable prices, lots of choice, and improved affordability thanks to lower mortgage rates.
For sellers, pricing strategically and staging well are key in a competitive environment.
For sellers, pricing strategically and staging well are key in a competitive environment.
Anecdotally
While working from my downtown Oakwyn office, I will take note of the sign-in sheet for deposit cheques. In slower months (such as March-May of this year) the sheet was noticeably empty. However, things have been improving since June, and the sheet is now consistently full of new signatures. And while speaking to my fellow agents, they regularly use the word “busy”, and I consider this a very good sign. My own listings are receiving steady traffic and I have made 6 sales (2 buyer representation) since the middle of May. This is a record for me and a good example of why we shouldn't take directions from the market. I monitor the trends but I keep on working regardless, keeping in touch with clients, marketing our listings, and consistently offering showings and open houses. My mentor always talks about how he had his best year during the financial crisis and the lesson that I take from that is: I don't allow the market to dictate how I work.
Optimism and dedication in all climates produces results.
