Easing Prices Bring Buyers Back in August
August 2025 showed signs of renewed activity in Metro Vancouver, as easing prices encouraged more buyers to step into the market. While sales remain below long-term averages, both detached and townhouse segments posted double-digit gains compared to last year, suggesting that higher-price markets are finding their footing again.Market Snapshot – August 2025
Sales: 1,959 homes sold▸ ▲2.9% from August 2024
▸ ▼19.2% below the 10-year seasonal average (2,424)New Listings: 4,225
▸ ▲2.8% year-over-year
▸ ▲1.3% above the 10-year averageActive Listings: 16,242
▸ ▲17.6% year-over-year
▸ ▲36.9% above the 10-year average
Benchmark Prices
Across all property types, prices continued to ease modestly, with month-over-month and year-over-year declines:- Detached Homes: $1,950,300
▸ ▼4.8% YoY | ▼1.2% MoM - Townhouses: $1,079,600
▸ ▼3.5% YoY | ▼1.8% MoM - Apartments: $734,400
▸ ▼4.4% YoY | ▼1.3% MoM - Composite Benchmark: $1,150,400
▸ ▼3.8% YoY | ▼1.3% MoM
Sales-to-Active Listings Ratios
- Overall Market: 12.4% → Balanced / leaning buyer’s market
- Detached Homes: 9.3% → Buyer’s Market
- Townhouses: 15.8% → Balanced
- Apartments: 14.0% → Balanced
What It All Means
Buyers Gain Confidence
Falling prices—down about 2% since the start of the year—are aligning with buyer expectations, leading to a gradual pickup in sales activity. Detached and townhouse buyers, in particular, are re-engaging.Sellers Adjusting to Reality
With values softening, more sellers are pricing to meet the market. Motivation is evident, but sellers are still cautious about undercutting too far.Detached Segment Finding Support
Detached sales rose 13% year-over-year, indicating that easing prices at higher price points are drawing buyers back in.Townhouses Remain Resilient
Townhouses posted a 10.5% jump in sales, showing continued buyer demand despite softer values.Condos Under Pressure
Apartment sales fell 5.5% year-over-year, with this segment showing the weakest momentum in August.Looking Ahead
If sales continue to climb while new listings track near long-term averages, inventory growth may begin to flatten. This would gradually shift balance away from buyers. For now, the window of plentiful opportunity is still open—but conditions may tighten if activity builds into fall.🏡 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.Homes may come and go—but timing, strategy, and confidence make all the difference.#MetroVancouverRealEstate #MarketUpdate #VancouverHomes #DetachedHomes #Condos #Townhouses #BradleyWattum #OakwynRealty #RealEstateStrategy #August2025Stats