August 2025 Housing Market Update

Check out the latest video by GVR

Sales: 1,959 homes sold (+3% vs last year, but still below normal).

By property type:

  • Detached: up 13%
  • Townhomes: up 10%
  • Condos: down 6%

Listings: 16,242 active homes (+18% vs last year). Lots of choice for buyers.

Sales-to-Active Ratio: 12% → balanced market (not hot, not cold).

Prices:

  • Overall benchmark: $1.15M (↓4% year-over-year, ↓1% from July).
  • Detached: $1.95M (↓5%).
  • Townhomes: $1.08M (↓4%).
  • Condos: $734K (↓4%).

Bottom Line:

Prices are easing, sales are slowly picking up, and buyers still have the upper hand with plenty of inventory.