06/02/2026
Thinking about buying or selling this summer? The May numbers are officially in, and the Metro Vancouver market is moving at a calm, balanced pace.
While overall sales dipped slightly compared to last year, the story isn't the same everywhere. The real slowdown was in the apartment segment, while detached and attached homes held relatively steady. Interestingly, it's highly regional—areas like North and East Vancouver actually saw an increase in apartment sales compared to last year!
The big win right now is inventory. Buyers have 34.6% more choice than the 10-year seasonal average. This healthy level of supply is absorbing demand, keeping prices flat month-over-month, and removing that frantic pressure we've seen in recent years.
The May Breakdown: 🏡 Composite Benchmark Price: $1,100,700 (Down 6.2% YoY / Up 0.2% MoM) 📋 Active Listings: 16,917 across Metro Vancouver ⚖️ Sales-to-Active Listings Ratio: 13.1% (Balanced market territory)
By Property Type (Benchmark Prices): • Detached Homes: $1,847,900 (Up 0.4% from April) • Townhomes: $1,048,200 (Up 0.5% from April) • Apartments: $697,800 (Down 0.7% from April)
What does this mean for you? 👉 For Buyers: You finally have the breathing room to take your time, compare options, and negotiate. 👉 For Sellers: Homes are absolutely still selling, but strategic pricing and flawless presentation are non-negotiable.
Every neighborhood and property type is telling a slightly different story right now. If you want to know what's happening on your specific street, drop a comment or send me a message! 👇
— Steven
