In May, housing inventory across Metro Vancouver climbed to its highest point in a decade, yet MLS® home sales continued to show subdued activity. Although there are early signs of renewed buyer interest, sales remained below the ten-year seasonal average—indicating that many buyers are either still waiting on the sidelines or being highly selective in today’s market. Looking at the year so far, 2025 has recorded one of the slowest sales starts of the past ten years, tracking closely with the patterns seen in 2019 and early 2020. Notably, sales surged in the second half of 2020—but whether 2025 will follow suit is still uncertain.

Detached Home Sales- In May 2025, a total of 654 detached homes were sold, marking a 22.7% drop compared to the 846 sales recorded in May 2024. The benchmark price for a detached home now sits at $1,997,400 — down 3.2% year-over-year and 1.2% from April 2025.

Apartment Home Sales- Apartment home sales totaled 1,087 in May 2025, reflecting an 18.8% decline from the 1,338 sales recorded in May 2024. The benchmark price for an apartment is now $757,300 — down 2.4% year-over-year and 0.7% from April 2025.

Attached Home Sales- Sales of attached homes in May 2025 reached 469, marking a 10.3% decline from the 523 units sold in May 2024. The benchmark price for a townhouse stands at $1,106,800 — down 3.4% year-over-year but showing a slight 0.4% uptick from April 2025.

Interested to discuss the current market situation, have some questions?

Wondering if its a good time to sell and buy? Looking for investment opportunity in a real estate market and want to hear pros and cons, lets discuss all the available options. 

Please contact us today at 604-442-9422

ABOUT ANNA LITVAK JOSEPH

Anna is a licensed REALTOR® based in Greater Vancouver and providing trading real estate services across Metro Vancouver, Greater Vancouver, Fraser Valley & Kelowna. Anna has an impressive track record and a wealth of experience in all the aspects of the real estate industry. As a full-time REALTOR®, Anna is dedicated to providing her clients with top-notch service, expert advice, and outstanding results in their real estate transactions. Anna emphasizes the importance of building valuable relationships and ensuring client satisfaction from the initial thoughts of making a move and through the home ownership journey. Her customer-centric approach is fundamental to her business philosophy.

With over 15 years of sales experience & entrepreneurship, Anna brings a high level of professionalism, customer service, and integrity to her real estate career. Anna’s outstanding performance in real estate is underscored by her impressive achievements. She qualified as a  Medallion Club Member in 2018, 2019, 2020, 2021, 2022,  and 2023 placing her among the top 10% of real estate agents in Greater Vancouver. Anna has worked hard to gain numerous 5 star testimonials, and is being featured in several publications year over year, including Vancouver Excellence in Real Estate, Top agent Magazines, and more. Anna is also highly ranked in multiple cities across RATE-MY-AGENT.

Anna’s professionalism, expertise and knowledge is the reason why the majority of her business today consists of referral or repeat customers.  

About the team: BC PRIME REALTY GROUP is a full-service real estate team that has grown over the years to a trusted brand that provides service to thousands of happy buyers and sellers.

Their dedication has been acknowledged with the prestigious Medallion Club award in 2023, highlighting their excellence as one of the top 10% teams among real estate groups in Greater Vancouver.

BC PRIME REALTY GROUP values diversity and relationship, therefore they follow client- centric approach, making it stress-free journey throughout their real estate experience.

BC PRIME GROUP is truly passionate about their mission of deliver excellence in Real Estate by building long term relationships. Their professionalism, expertise and knowledge is the reason why the majority of their business consists of referral or repeat customers. 

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