March 2025 Market update - March 2025 market update - More Listings, Less Sale, Prices hold

from Patti Martin Team - Vancouver Real Estate Podcast · host Adam Wachtel PREC*

February 2025 Vancouver Real Estate Market Update – Buyers & Sellers Take Note!Metro Vancouver’s housing market stayed balanced in February as new listings increased moderately after January’s surge. Sales dropped 11.7% year-over-year, sitting 28.9% below the 10-year average, while inventory climbed 32.3% higher than last year.🏡 Key Highlights:✔️ Balanced Market – Sales-to-active listings ratio at 14.8%✔️ More Listings – Over 12,700 homes for sale, the highest since pre-pandemic✔️ Stable Prices – Benchmark home price at $1,169,100, down 1.1% YoY✔️ Rate Cut Incoming? – The Bank of Canada could lower rates in March, improving affordabilityWith spring buying season ahead, will prices hold or shift? Watch the full breakdown now!

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This episode was published on March 11, 2025.

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