Alright, everyone—here’s your August 2025 market wrap-up for Greater Vancouver. Think of this as your coffee-break scoop: what’s heating up, what’s cooling down, and whether it's a good time to make a move.

Sales and Listings: A Soft Bounce Back

Home sales totaled 1,959 in August 2025—up 2.9% from 1,904 in August 2024 GV RealtorsGreater Vancouver REALTORS®.
Still, that number is 19.2% below the 10-year seasonal average of 2,424 GV Realtors.
New listings came in at 4,225—a 2.8% increase from last year and slightly above the 10-year average GV Realtors.
But what jumped was total active listings, surging 17.6% year-over-year to 16,242 GV Realtors.

Bottom line? Buyers are tiptoeing back in as sellers ease prices, but there’s still a lot of inventory to browse.

Sales-to-Active Listings Ratio: Market Balance

Overall sales-to-listings ratio sits at 12.4% GV RealtorsGreater Vancouver REALTORS®.
- Detached homes: 9.3%
- Attached homes (e.g., townhouses): 15.8%
- Apartments: 14%
Historically, ratios under 12% hint at buyer's markets (more supply), while 20%+ suggests seller’s dominance GV Realtors.

So right now? We’re just a smidge above that buyer-friendly threshold—hinting at some balance, but still leaning in favor of buyers.

Home Prices: Gentle Dip Across the Board

MLS® HPI Composite Benchmark Price: $1,150,400, down 3.8% year-over-year and 1.3% from July GV RealtorsGreater Vancouver REALTORS®.
Detached homes: $1,950,300 (–4.8% YoY, –1.2% MoM) GV Realtors.
Apartments: $734,400 (–4.4% YoY, –1.3% MoM) GV Realtors.
Attached homes (townhouses): $1,079,600 (–3.5% YoY, –1.8% MoM) GV Realtors.

So yes, prices are coming down a bit—but very gradually.

What’s Behind This Trend?

According to GVR economist Andrew Lis, “easing prices” are bringing buyers off the sidelines—but there’s a catch: as sales pick up and listings remain plentiful, inventory might start shrinking, reducing the window of opportunity for bargain hunting GV Realtors.

Quick Snapshot Table

Metric	August 2025
Total Sales	1,959
YoY Sales Growth	+2.9%
Active Listings	16,242 (+17.6%)
Sales-to-Listings Ratio	12.4%
Benchmark Price (All Types)	$1,150,400 (–3.8% YoY)
Detached Price	$1,950,300 (–4.8%)
Apartment Price	$734,400 (–4.4%)
Attached Price	$1,079,600 (–3.5%)

What This Means for You

Buyers: Conditions are still tilted in your favour—plenty of inventory and slight price relief. Still, if you see something you love, don’t drag your feet—options may start tightening.

Sellers: Competition is fierce, but interest is rising for detached and attached homes. If you price smart and highlight what makes your place unique, you’ll likely get attention.

Want the deep dive? Explore the full stats package from Greater Vancouver REALTORS® right here:

August brought a modest rebound in sales as prices softened, inventory remains elevated, and the market is moving back toward balance—making now an intriguing time to buy, but a smart time to sell too.

Let me know if you want this tailored to specific areas like Burnaby, Richmond, or Vancouver West!