Greater Vancouver REALTORS Market Report - July 2026: Composite Benchmark Price at $1,085,800

Greater Vancouver REALTORS (HPI) — July 2026

In July 2026, the Greater Vancouver real estate market sees a composite benchmark price of $1,085,800, reflecting a 5.1% decrease year-over-year. Total sales for the month stand at 21, with active listings at 168, resulting in a months of inventory of 8.0.

Market Analysis

The Greater Vancouver real estate market continues to exhibit a buyer's market condition as inventory levels remain elevated. With 168 active listings and only 21 sales recorded in July, the months of inventory has increased to 8.0, indicating that buyers have a wider selection of properties to choose from. This trend is further underscored by the decline in the composite benchmark price, which has dropped from $1,091,500 in June to the current $1,085,800, marking a continued downward trajectory in pricing over the past year.

Property Type Analysis

When examining property types, the benchmark price for detached homes stands at $1,331,000, while attached/townhouses are priced at $978,100, and apartments at $620,300. Although specific sales data for each category is not available, the overall market dynamics suggest that buyers may find better opportunities in the attached and apartment segments, where price points are significantly lower compared to detached homes.

Regional Highlights

Regionally, the market shows signs of stabilization as the number of active listings remains consistent compared to June's 175. However, the year-over-year decline in the composite benchmark price from $1,149,600 in July 2025 to the current $1,085,800 indicates ongoing adjustments in buyer sentiment and market expectations. This trend may reflect broader economic factors influencing housing demand in the region.

For Buyers

For prospective buyers, the current market conditions present an opportunity to negotiate better terms and prices, especially in the attached and apartment segments. With a significant inventory of homes available, buyers should conduct thorough research and consider their long-term goals when making purchasing decisions.

For Sellers

Sellers are advised to remain realistic about pricing in the current market environment, as the decline in benchmark prices suggests a need for competitive pricing strategies. It is essential to highlight unique property features and be prepared for longer listing times, given the current months of inventory.