09/18/2025
Metro Vancouver home sales picked up in August, rising 2.9% year-over-year as easing prices pulled more buyers back into the market. Detached and townhouse sales led the way with double-digit gains, while condo sales slipped slightly. Inventory remains elevated at over 16,000 active listings, keeping the sales-to-active listings ratio at 12.4% right on the edge of buyer’s market conditions. Prices have eased about 2% since the start of the year, with the benchmark price now at $1,150,400, down 3.8% from last August.
Fraser Valley sales dropped to 931 in August, down 22% from July and well below the 10-year average, reinforcing the region’s buyer’s market. With active listings holding at about 10,400 and the sales-to-active ratio falling to just 9%, buyers had no shortage of choice and plenty of negotiating power. Prices continued to soften, with the composite benchmark down 0.9% month-over-month to $936,200. Detached homes averaged $1.44M, townhomes $808K, and condos $514K, all showing 4–6% annual declines.
With sellers adjusting expectations and buyers finding more common ground, activity is slowly recovering, but if sales momentum continues, today’s abundant supply and buyer-friendly conditions may not last long. Especially with the Bank of Canada cutting 0.25 benchmark basis point to 2.5%, it will be interesting to see how the market reacts
If you’re thinking about buying, selling, or just curious about where the market is headed, don’t hesitate to connect with me for a free consultation. I’ve been helping a wide range of buyers, sellers, and investors successfully plan and achieve their real estate goals for nearly a decade now!
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