Posted on
March 4, 2025
by
Tyler Burrows
The Metro Vancouver real estate market continued to shift in February 2025, with residential sales down 11.7% compared to February 2024. Meanwhile, new listings increased by 10.9%, helping to maintain balance in the market as we head toward the busy spring season.
What’s Happening with Listings?
February saw 5,057 new listings hit the market, a 10.9% increase compared to last year and 11.6% above the 10-year seasonal average. This has helped boost inventory levels, giving buyers more options.
The total number of properties currently listed for sale in Metro Vancouver sits at 12,744—a 32.3% increase from February 2024 and a massive 36.4% increase compared to the 10-year average.
With inventory growing, the market has remained relatively balanced. However, the question heading into spring is whether increased supply will continue to outpace demand or if buyer activity will pick up.
Sales-to-Active Listings Ratios
The sales-to-active listings ratio, a key indicator of market conditions, sat at 14.8% in February—suggesting a balanced market. Here’s how it breaks down by property type:
Detached homes: 10.7%
Attached homes: 18.5%
Apartments: 16.8%
For context, downward price pressure typically occurs when this ratio is below 12% for an extended period, while ratios above 20% often signal upward pressure on prices. With detached homes sitting just above 10%, this segment could see continued pricing adjustments if conditions persist.
For context, downward price pressure typically occurs when this ratio is below 12% for an extended period, while ratios above 20% often signal upward pressure on prices.
What is a Sales-to-Active Listing Ratio
Home Prices: Holding Steady
The benchmark price for all residential properties in Metro Vancouver is currently $1,169,100, reflecting a 1.1% decrease year-over-year and a 0.3% decrease from January 2025.
Here’s how each property type performed:
Detached homes: $2,006,100 (+1.8% YoY)
Apartments: $747,500 (-2.8% YoY)
Attached homes: $1,087,100 (-1.2% YoY)
While overall pricing remains relatively stable, the increased supply combined with a moderate sales pace could lead to price adjustments in the coming months, particularly for condos and townhomes.
What Does This Mean for Buyers?
With inventory rising and prices holding steady, buyers have more choices and slightly less competition compared to this time last year. If you're looking for the right home, now could be a great time to explore options before the spring market picks up. Additionally, whispers of a possible Bank of Canada rate cut in mid-March could improve affordability for some buyers.
🔹 This update is based on the Metro Vancouver market as a whole—but real estate is hyper-local! Specific neighbourhoods and property types can vary greatly, so it's important to hone in on the areas and details that matter most to you. If you need help navigating your options, reach out—I’d love to provide more insights!
What Does This Mean for Sellers?
If you're considering selling, pricing strategy will be key in the current market. With inventory levels rising, buyers have more options, making accurate pricing and strong marketing essential to attract the right offer. Detached homes are still seeing stable demand, while townhomes and apartments are in a more competitive environment.
🔹 Remember, this update reflects Metro Vancouver as a whole, but market conditions vary by neighbourhood and property type. If you’re wondering how your specific area is performing and what that means for your home’s value, let’s chat! I can help you craft the right strategy to maximize your sale.
Have Questions? Let’s Chat!
Metro Vancouver’s real estate market is constantly evolving, and whether you're looking to buy, sell, or just stay informed, I'm here to help!
📍 This update covers Metro Vancouver as a whole. If you're interested in stats for a specific neighborhood or property type, let’s connect!
For more insights, home tours, and market updates, follow me on social media—#TouringWithTyler is where I share Vancouver’s best hidden gems. See you there!1 Bedroom Average Sales Price in Vancouver (interactive Graph)
2 Bedroom Average Sales Price in Vancouver (interactive Graph)
3+ Bedroom Average Sales Price in Vancouver (interactive Graph)
