Inventory Climbs, Buyers Still Cautious
May 2025 saw inventory across Metro Vancouver hit another 10-year high, while sales continued to lag. With more homes on the market and prices holding steady (or dipping slightly), this remains a buyer-friendly environment—yet many buyers are still sitting on the sidelines. Let’s dig into the numbers.Market Snapshot – May 2025
Sales: 2,228 homes sold▸ ▼18.5% from May 2024
▸ ▼30.5% below the 10-year seasonal averageNew Listings: 6,620
▸ ▲3.9% year-over-year
▸ ▲9.3% above the 10-year averageActive Listings: 17,094
▸ ▲25.7% year-over-year
▸ ▲45.9% above the 10-year average (10-year high)
Benchmark Prices
Despite slow sales, prices across Metro Vancouver have remained relatively flat with modest month-over-month adjustments:Detached: $1,997,400▸ ▼3.2% YoY | ▼1.2% MoMTownhouses: $1,106,800
▸ ▼3.4% YoY | ▲0.4% MoMApartments: $757,300
▸ ▼2.4% YoY | ▼0.7% MoMComposite Benchmark: $1,177,100
▸ ▼2.9% YoY | ▼0.6% MoM
Sales-to-Active Listings Ratios
These ratios give insight into market balance and price direction:Overall Market: 13.4% → Balanced MarketDetached Homes: 10.2% → Buyer’s Market
Townhouses: 17.4% → Balanced
Condos: 14.7% → Balanced
What It All Means
Buyers Have the AdvantageHigh inventory, stable pricing, and a slower pace = room to negotiate. Serious buyers have options and leverage.Sellers Are Adapting
Many sellers are adjusting price expectations or open to offers. Motivation is quietly increasing.Townhouses Stay Resilient
Moderate demand and limited supply are keeping this segment more stable than detached.Detached Homes Are Softening
Ample supply and lower demand continue to push this segment deeper into buyer territory.
Looking Ahead
The first half of 2025 has mirrored slow starts from past years like 2019 and early 2020—both of which saw sharp turnarounds later in the year. With summer approaching and rates stable, we may be in for a busier-than-expected second half.🏡 Thinking About Making a Move?
Whether you’re buying, selling, or just staying informed, I’m here to help you make sense of the data—and build a plan that works.📞 Call/Text: 604-805-8885📧 Email: Bradley@BradleyWattum.comLet’s turn today’s stats into tomorrow’s opportunity.[FULL MARKET REPORT HERE]
Homes may come and go—but timing, strategy, and confidence make all the difference.#MetroVancouverRealEstate #MarketUpdate #VancouverHomes #DetachedHomes #Condos #Townhouses #BradleyWattum #OakwynRealty #RealEstateStrategy #May2025Stats