Vancouver Real Estate Market update May 2025 - Is now the best time to buy?

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

May 2025 Vancouver Real Estate Market Update | Buyer Opportunities Rise as Sales SlowMetro Vancouver home sales dropped 23.6% year-over-year in April 2025, continuing the market slowdown. With just 2,163 homes sold—well below the 10-year seasonal average—buyers are gaining more leverage. Inventory has surged to over 16,000 listings, the highest level since 2014, while prices remain stable and borrowing costs are improving.Detached home sales fell 29% (benchmark: $2.02M), condo sales dropped 20% (benchmark: $762K), and townhouse sales declined 24% (benchmark: $1.1M). The sales-to-active listings ratio sits at 13.8%, pointing to a balanced market.Is now the time to buy in Vancouver? Watch the full update to find out what this means for buyers and sellers!📉 Home Sales Down🏡 Inventory Up💰 Prices Holding Steady📈 Buyer Opportunity Growing