Hi everyone, it’s Maria with your MarketWatchWithMaria monthly update. In August 2025, easing prices helped bring more Metro Vancouver homebuyers off the sidelines. Sales on the MLS® were up nearly 3% compared to last year, with 1,959 homes sold. Detached and townhouse sales saw the biggest jump — up over 10% from last August — which shows that buyers at higher price points are starting to re-enter the market.
On the supply side, we had just over 4,200 new listings in August, about average for this time of year. But total inventory is now over 16,000 homes, which is up 17% year-over-year — giving buyers more choice. Prices have eased about 2% since the start of the year, and are down 1% month-over-month in August.
The benchmark price across all property types is $1,150,400, which is down almost 4% compared to last year. Detached homes: benchmark price $1.95 million, down 4.8% year-over-year. Apartments: $734,400, down 4.4%. Townhomes: $1.08 million, down 3.5%.
So what does this mean? Buyers and sellers are becoming more aligned on price, which has boosted sales activity. But as demand picks up and new listings remain steady, the window of plentiful opportunity for buyers may start to close if these trends continue. That’s your market snapshot for August.
📲 If you’re thinking of buying or selling, I’d love to help you navigate the market. Visit www.TalkToMaria.com to connect with me directly.
Thanks for watching, and see you next month for another MarketWatch With Maria!
