🏠 May 2025 Market Stats
According to the Real Estate Board of Greater Vancouver:
• Residential home sales: 2,733 homes sold (↓19.9% vs May 2024)
• New listings: 6,374 homes listed (↑12.6% vs May 2024)
• Active listings: 13,600 homes on market (↑46.3% vs May 2024)
• Home Price Index (all property types): $1,212,000 (↓2.3% vs May 2024)
📉 What This Means
Buyers are taking more time, and sellers are facing more competition. With higher inventory and softening prices, we're seeing a shift to a more balanced market. Homes are still selling—but the right pricing and marketing strategy are more important than ever.
Whether you're thinking of buying, selling, or just staying informed, I’m here to help you make sense of the numbers and what they mean for your next move.