Greater Vancouver REALTORS March 2026 Market Report: Composite Benchmark Price at $1,104,300

Greater Vancouver REALTORS — March 2026

In March 2026, the Greater Vancouver real estate market sees a composite benchmark price of $1,104,300, reflecting a 6.8% decrease year-over-year. Total sales reach 2,032, while new listings increase to 5,792, contributing to a total of 14,774 active listings.

Market Analysis

The Greater Vancouver real estate market continues to exhibit buyer-favorable conditions, with a sales-to-new-listings ratio (SNLR) of 35.1%. This indicates that while demand remains relatively stable, it is outpaced by the influx of new listings, leading to an increase in months of inventory to 7.3. Compared to February 2026, total sales have risen from 1,648, suggesting a seasonal uptick in activity, although year-over-year sales have decreased by 2.8%. The market's shift towards a buyer's landscape is evident as inventory levels remain high, providing buyers with more options.

Property Type Analysis

In March, the benchmark price for detached homes stands at $1,854,800, while attached/townhouses are priced at $1,047,100 and apartments at $706,700. The disparity in benchmark prices highlights the ongoing demand for detached homes, despite the overall market trend of declining prices. The attached and apartment markets are also experiencing price adjustments, but they remain more accessible to first-time buyers and those looking for more affordable housing options.

Regional Highlights

Regionally, the Greater Vancouver area shows varied trends, with certain neighborhoods experiencing higher demand than others. The increase in active listings suggests that sellers are responding to the market conditions, potentially leading to more competitive pricing in the coming months. Areas with strong community amenities and transportation links continue to attract buyers, even in a cooling market.

For Buyers

For buyers, the current market presents an opportunity to negotiate favorable terms, given the increased inventory and buyer-friendly conditions. It is advisable to conduct thorough research and consider properties that may have been overlooked in previous competitive markets, as there are now more options available.

For Sellers

Sellers are encouraged to price their homes competitively and be prepared for a longer selling period due to the higher inventory levels. Highlighting unique property features and ensuring homes are well-presented can help attract potential buyers in this buyer-driven market.