Home sales registered on the MLS\u00ae in Metro Vancouver* for March were the lowest going back to 2019 for the same month, while active listings continued their upward trend.<\/p>\n
The Greater Vancouver REALTORS\u00ae (GVR) reports that residential sales in the region totalled 2,091 in March 2025, a 13.4 percent decrease from the 2,415 sales recorded in March 2024. This was 36.8 percent below the 10-year seasonal average (3,308).<\/p>\n
If we can set aside the political and economic uncertainty tied to the new U.S. administration for a moment, buyers in Metro Vancouver haven\u2019t seen market conditions this favourable in years. Prices have eased from recent highs, mortgage rates are among the lowest we\u2019ve seen in years, and there are more active listings on the MLS\u00ae than we\u2019ve seen in almost a decade. Sellers appear ready to engage \u2014 but so far, buyers have not shown up in the numbers we typically see at this time of year.<\/p>\n
There were 6,455 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service\u00ae (MLS\u00ae) in Metro Vancouver in March 2025. This represents a 29 percent increase compared to the 5,002 properties listed in March 2024. This was 15.8 percent above the 10-year seasonal average (5,572).<\/p>\n
The total number of properties currently listed for sale on the MLS\u00ae system in Metro Vancouver is 14,546, a 37.9 percent increase compared to March 2024 (10,552). This is 44.9 percent above the 10-year seasonal average (10,038).<\/p>\n
Across all detached, attached and apartment property types, the sales-to-active listings ratio for March 2025 is 14.9 percent. By property type, the ratio is 10.3 percent for detached homes, 21.5 percent for attached, and 16.2 percent for apartments.<\/p>\n
Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 percent for a sustained period, while home prices often experience upward pressure when they surpass 20 percent over several months.<\/p>\n
The current market bears resemblance to early 2023 where price trends were generally flat, and sales started the year off slowly before gaining momentum in the spring and summer months. While market conditions overall remain balanced, it\u2019s worth noting that the attached segment continues teetering on the threshold of a sellers\u2019 market as a result of a chronic undersupply, with only about 2,200 active listings available for prospective buyers throughout the entire region.<\/p>\n
The MLS\u00ae Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,190,900. This represents a 0.6 percent decrease over March 2024 and a 0.5 percent increase compared to February 2025.<\/p>\n
Sales of detached homes in March 2025 reached 527, a 24.1 percent decrease from the 694 detached sales recorded in March 2024. The benchmark price for a detached home is $2,034,400. This represents a 0.8 percent increase from March 2024 and a 0.4 percent increase compared to February 2025.<\/p>\n
Sales of apartment homes reached 1,084 in March 2025, a 10.2 percent decrease compared to the 1,207 sales in March 2024. The benchmark price of an apartment home is $767,300. This represents a 0.9 percent decrease from March 2024 and a 1 percent increase compared to February 2025.<\/p>\n
Attached home sales in March 2025 totalled 472, a 4.6 percent decrease compared to the 495 sales in March 2024. The benchmark price of a townhouse is $1,113,100. This represents a 0.8 percent decrease from March 2024 and a 0.2 percent increase compared to February 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"
Home sales registered on the MLS\u00ae in Metro Vancouver* for March were the lowest going back to 2019 for the same month, while active listings continued …<\/p>\n","protected":false},"author":2,"featured_media":1499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[73,85,84,83,82,81,80,79,78,77,76,75,74,32,72,71,70,69,68,67,66,65,64,63,35],"class_list":["post-1498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-update","tag-top-port-coquitlam-realtor","tag-top-realtors-port-coquitlam","tag-central-port-coquitlam-homes-for-sale","tag-mary-hill-homes-for-sale","tag-citadel-heights-homes-for-sale","tag-port-coquitlam-homes-for-sale","tag-central-port-coquitlam-real-estate-agent","tag-mary-hill-real-estate-agent","tag-citadel-heights-real-estate-agent","tag-port-coquitlam-real-estate-agent","tag-top-central-port-coquitlam-realtor","tag-top-mary-hill-realtor","tag-top-citadel-heights-realtor","tag-port-coquitlam-realtor","tag-realtor-central-port-coquitlam","tag-realtor-mary-hill","tag-realtor-citadel-heights","tag-realtor-port-coquitlam","tag-central-port-coquitlam-realtors","tag-mary-hill-realtors","tag-citadel-heights-realtors","tag-port-coquitlam-realtors","tag-central-port-coquitlam-realtor","tag-mary-hill-realtor","tag-citadel-heights-realtor"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t