Greater Vancouver REALTORS (HPI) Report: December 2025 Market Shows Continued Price Decline

Greater Vancouver REALTORS (HPI) — December 2025

In December 2025, the composite benchmark price for Greater Vancouver real estate is $1,015,100, reflecting a year-over-year decline of 4.9%. Total sales for the month reached 149, with a strong seller's market indicated by a sales-to-new-listings ratio of 88.2%.

Market Analysis

The Greater Vancouver real estate market continues to experience a decline in benchmark prices, down 4.9% from December 2024. Despite this downward trend, the market remains competitive, as evidenced by the sales-to-new-listings ratio of 88.2%, suggesting that demand is still robust relative to the number of new listings entering the market. With 169 new listings in December, the supply is slightly increasing, but it has not yet outpaced demand significantly enough to shift the market dynamics.

Property Type Analysis

When examining property types, the detached home market shows a benchmark price of $1,670,400, while attached/townhouses and apartments are priced at $994,300 and $681,100, respectively. The disparity in pricing reflects the ongoing demand for detached homes, even as overall prices decline, indicating that buyers may still prioritize space and single-family living despite higher costs.

Regional Highlights

Regional trends indicate that while the overall market is experiencing price declines, specific areas may still see varying levels of demand. The strong sales-to-new-listings ratio suggests that certain neighborhoods may be more desirable, leading to quicker sales and potentially less price reduction in those areas. Buyers should remain vigilant about local conditions as they navigate their purchasing decisions.

For Buyers

For buyers in the current market, it is advisable to act decisively given the competitive nature indicated by the high sales-to-new-listings ratio. Conducting thorough research on specific neighborhoods and being prepared to make offers quickly can enhance the chances of securing a desirable property.

For Sellers

Sellers should be aware of the current market conditions and consider pricing strategies that reflect the recent decline in benchmark prices. Highlighting unique features of their properties and being flexible with negotiations can help attract buyers in this competitive environment.