June Market Showing Signs Of Stabilization

After a rocky start to 2025, the Metro Vancouver housing market is starting to show some early signs of bouncing back. While sales are still down compared to this time last year, the decline is not as steep as what we saw just a month ago.

In June 2025, there were 2,181 homes sold across the region. That’s about 10% fewer than the number of homes sold in June 2024—but it's an improvement from the sharper drop we saw in May. To put it in perspective, sales this June were about 26% below what we usually see this time of year over the last decade.

This tells us the market is still cooler than normal, but things might be starting to turn a corner.

“On a trended basis, signs are emerging that sales activity is rounding the corner after a challenging first half to the year, with the year-over-year decline in sales in June halving the decline we saw in May,” said Andrew Lis, GVR’s director of economics and data analytics. “If this momentum continues, it may not be long before sales are up year-over-year, which would mark a shift toward a market with more demand than the unusually low demand we’ve seen so far this year.”



In June 2025, we saw a noticeable jump in the number of homes being listed for sale in Metro Vancouver. A total of 6,315 new listings—detached houses, townhomes, and condos—hit the market, which is about 10% more than were listed in June of last year. That’s also nearly 13% higher than what we typically see this time of year.

Right now, there are 17,561 homes available for sale across the region. That’s a big increase—up nearly 24% compared to June 2024, and a whopping 44% higher than the 10-year average for this time of year. In short, buyers have more options than they’ve had in quite some time.

But with more inventory and slower sales, the market remains tilted in favour of buyers. The sales-to-active listings ratio—a key measure of market balance—sits at 12.8% overall. This means that for every 100 homes on the market, just under 13 sold in June. Detached homes had the lowest ratio at 9.9%, while townhomes came in at 16.9% and condos at 13.9%.

Generally, when this ratio stays below 12% for a while, home prices tend to come down. On the flip side, prices often rise when the ratio consistently climbs above 20%. Right now, we’re hovering close to that price-softening zone—especially for detached homes.

“As home sales regain their footing, inventory levels aren’t building as quickly as we’ve seen lately,” Lis said. “Most market segments remain in balanced market conditions, which has generally kept prices trending sideways since the start of the year. With over 17,000 listings on the market right now, and with mortgage rates down around two per cent since last summer, buyers are enjoying some of the most favourable conditions seen in years.”

As of June 2025, the typical (or “benchmark”) price for a home in Metro Vancouver sits at $1,173,100. That’s down about 2.8% from this time last year, and a small 0.3% dip from just last month.


Looking closer at different types of homes:

Detached homes had 657 sales in June, which is about 5% fewer than last year. The benchmark price for a detached home is now $1,994,500—down 3.2% year-over-year, and basically flat compared to May.