May brought longer days and renewed interest from households considering a move. The market remains balanced, with buyers taking a thoughtful approach and benefiting from more choice.
Residential sales totalled 2,150 homes, down 3.5% compared to May 2025 and 26.6% below the 10-year seasonal average.
New listings reached 6,115 properties, a 7.6% decrease from last year but still slightly above the 10-year seasonal average, providing buyers with a healthy selection of homes to consider.
The overall sales-to-active listings ratio was 13.1%, indicating balanced market conditions. By property type:
Detached homes: 10.7%
Attached homes: 15.4%
Apartments: 14.2%
Historically, a sales-to-active listings ratio below 12% for a sustained period can place downward pressure on prices, while a ratio above 20% can lead to upward pressure.
Detached Homes
Sales increased slightly, with 660 homes sold, up 0.9% compared to May 2025.
The benchmark price was $1,847,900, down 6.9% year-over-year but up 0.4% from April, suggesting some short-term price stability.
Apartments
Apartment sales reached 1,009 homes, down 7.2% from last year.
The benchmark price was $697,800, down 7.9% year-over-year and 0.7% compared to April, showing continued softness in this segment.
Attached Homes (Townhomes)
Sales totalled 463 homes, a 1.3% decrease compared to May 2025.
The benchmark price was $1,048,200, down 5.1% year-over-year but up 0.5% from April.
What this means for buyers and sellers
Buyers continue to have more options and time to make informed decisions.
Sellers who price appropriately and present their homes well are seeing stronger engagement.
Market conditions continue to vary by property type, location, and price point, making local market knowledge more important than ever.
If you live in Vancouver and you are interested in the value of your home in this market, call or text us at 604-805-6820.