10/07/2026
🚨 What’s REALLY happening in the Metro Vancouver real estate market? 📉
The headline says home sales dipped 8.4% in September compared to last year (1,717 sales, down from 1,875). But as your local REALTOR®, I'm here to tell you: that number doesn't tell the whole story!
The slowdown is almost entirely in the apartment segment (sales dropped 18.6% to 777), while detached homes actually rose 4.2% (575 sales) and attached/townhomes were up 0.6% (358 sales).
Here is what these September numbers mean for you right now:
🔑 FOR BUYERS:
More Room to Negotiate: Overall benchmark prices are down 5.5% year-over-year (and down 3% since the start of the year), sitting at $1,075,900.
Price Relief by Segment:
Detached: $1,784,700 (-7.3% YoY)
Apartments: $682,500 (-6.2% YoY)
Townhomes: $1,016,700 (-4.7% YoY)
Less Competition: With a sales-to-active listings ratio of 10.9%, the market is currently in buyer-friendly territory, giving you leverage to make thoughtful offers without the frantic bidding wars.
🏷️ FOR SELLERS:
Detached & Townhomes Are Still Moving: End-user buyers are actively shopping! Detached and attached home sales actually outpaced last September's numbers.
Inventory is Tightening: New listings dropped 10.3% month-over-month (5,852 properties), and total active inventory is down 4% to 16,394. Less fresh competition is keeping prices from dropping drastically.
Pricing Strategy is Everything: With prices drifting down roughly 0.5% month-over-month, buyers are value-conscious. Properties priced accurately from day one are still finding motivated buyers.
📲 Thinking of buying or selling before the end of the year? DM me today or drop a comment below, and let’s talk about how these numbers apply directly to your neighborhood!
Mimi Do PREC*
✨EXP Realty
🏆Top 10% Medallion Club of GVR Board 2025
🤝Residential & Commercial Real Estate
📍Vancouver,BC
📞 7787919983
🧏🏻♀️ English and Vietnamese