08/23/2026
📊 July Market Update – Metro Vancouver
July brought a pause in Metro Vancouver’s summer housing momentum. Residential sales totalled 2,061, representing a 9.8% decrease from July 2025 and finishing 18.6% below the 10-year seasonal average.
New listings also slowed, falling 11.5% year-over-year. Although active inventory remained 26.8% above the 10-year seasonal average, it declined compared with last July—suggesting the supply of available homes may be gradually tightening.
The overall sales-to-active listings ratio was 13%, keeping the market within balanced conditions. The composite benchmark price was $1,088,800, down 0.9% from June and 6.2% compared with July 2025.
✨ What this means for you:
➡️ Buyers: Inventory continues to provide good selection, while softer prices and measured demand create opportunities to compare properties, negotiate carefully and make informed decisions.
➡️ Sellers: Buyers remain active but selective. Accurate pricing, thoughtful preparation and strong presentation are essential to stand out in a market where choice remains substantial.
As we move through the summer, sales remain in a holding pattern while new listings are slowing. If inventory continues to decline, today’s broad selection could gradually begin to narrow.
📩 Have questions or want to discuss what these market conditions mean for your real estate goals?
Send us a DM or reach out anytime!
Irfan Keshavjee | REALTOR®️
Aly Jessa | REALTOR®️
RE/MAX Crest Realty
📱 Irfan: 604-619-6786
📱 Aly: 778-239-1075
📧 [email protected]