Metro Vancouver’s real estate market is showing some distinct shifts this late Q3. Apartment sales have dropped by about 19%, contributing to an overall decrease of 8% in home sales compared to last year, and sitting 25% below the 10-year seasonal average. Interestingly, detached and attached homes have remained more resilient, highlighting clear differences between property types across our region.
New listings are down 10% year-over-year to 5,900, but still sit about 6% above the 10-year average. Active inventory reached 16,400 homes, which is 24% higher than what we typically see long-term. The sales-to-active listings ratio hovers around 11%, just under the 12% threshold often linked to ongoing price pressure in Vancouver’s history. Benchmark prices are near $1.08M, a 6% decrease year-over-year, with all segments collectively down about 3% since the start of the year.
Helping clients navigate such a nuanced market is where attention to detail truly matters. With my background in accounting and a passion for matching buyers and sellers in the right location, I’m committed to ensuring every move is a step toward your goals—whether you’re a first-time buyer, a seasoned investor, or simply exploring your next chapter.
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