Greater Vancouver REALTORS (HPI) December 2025 Market Report: Benchmark Price Declines 6.5% Year-Over-Year

Greater Vancouver REALTORS (HPI) — December 2025

In December 2025, the composite benchmark price for Greater Vancouver homes is $766,600, reflecting a 6.5% decrease from the same month last year. Total sales reached 67, with 75 new listings entering the market, indicating a competitive landscape for sellers.

Market Analysis

The Greater Vancouver real estate market continues to show signs of a seller's market despite the year-over-year decline in benchmark prices. With a sales-to-new-listings ratio (SNLR) of 89.3%, demand remains robust relative to supply, suggesting that homes are selling quickly as they come onto the market. The total sales of 67 in December represent a slight increase from 65 in November, indicating a steady interest in home purchases as the year closes.

Property Type Analysis

When examining property types, the benchmark price for detached homes stands at $1,486,700, while attached/townhouse properties are priced at $882,700, and apartments at $618,700. Although specific sales figures for each category are not available, the overall market dynamics suggest that detached homes continue to command higher prices, reflecting their desirability in the current market.

Regional Highlights

Regionally, the market shows varied trends, with certain areas experiencing higher demand than others. The consistent influx of new listings, totaling 75 this month, highlights the ongoing interest from sellers to capitalize on current market conditions, even as benchmark prices decline year-over-year.

For Buyers

For buyers, the current market presents an opportunity to negotiate as prices have decreased compared to last year. With a healthy number of new listings, buyers should remain vigilant and ready to act quickly on properties that meet their criteria, particularly in a competitive environment where homes are selling rapidly.

For Sellers

Sellers are encouraged to price their homes competitively to attract potential buyers in the current market. Given the strong sales-to-new-listings ratio, presenting a well-maintained property can lead to favorable outcomes, even in a market characterized by declining benchmark prices.