April 2025 Market Update - A Buyer's Market... Without Buyers

April 2025 Vancouver Real Estate Market Update: Buyers Missing in Action? 🏡📉Metro Vancouver’s housing market is seeing more listings and lower prices, but buyers are staying on the sidelines. March 2025 home sales dropped 13.4% year-over-year and were 36.8% below the 10-year seasonal average. Meanwhile, active listings surged nearly 38%, hitting levels not seen in almost a decade.🔹 Home Sales: 2,091 (-13.4% YoY)🔹 New Listings: 6,455 (+29% YoY)🔹 Sales-to-Active Listings Ratio: 14.9% (Balanced Market)🔹 Benchmark Price: $1,190,900 (-0.6% YoY, +0.5% MoM)🏠 Detached Homes: $2,034,400 | Sales down 24.1%🏢 Condos: $767,300 | Sales down 10.2%🏘 Townhouses: $1,113,100 | Sales down 4.6%With low mortgage rates, rising inventory, and stabilized prices, is now the time to buy? Or will buyers keep waiting? Let’s dive into what this means for the Spring 2025 market!