Greater Vancouver REALTORS (HPI) Report: December 2025 Market Shows Price Decline and Seller Conditions

Greater Vancouver REALTORS (HPI) — December 2025

In December 2025, the Greater Vancouver real estate market recorded a composite benchmark price of $1,283,600, reflecting a year-over-year decrease of 2.5%. Total sales for the month reached 123, with new listings at 109, indicating a competitive environment favoring sellers.

Market Analysis

The Greater Vancouver real estate market continues to exhibit seller-favorable conditions, as evidenced by a sales-to-new-listings ratio (SNLR) of 112.8%. This figure suggests that demand remains robust relative to the number of new listings entering the market. Despite the decline in the composite benchmark price compared to December 2024, the current price level indicates a stabilization trend following previous fluctuations. The total sales of 123 in December reflect a decrease from November's 157, highlighting a seasonal slowdown typical for this time of year.

Property Type Analysis

The benchmark prices for different property types reveal distinct market dynamics. Detached homes have a benchmark price of $2,041,600, while attached/townhouses and apartments are priced at $1,257,600 and $775,500, respectively. The absence of sales data for these categories in December limits a comprehensive analysis, but the significant price differences suggest varying levels of buyer interest and market activity across property types.

Regional Highlights

Regional trends indicate that while the overall market is experiencing a price decline, specific neighborhoods may still see varying levels of demand and pricing stability. The Greater Vancouver area remains diverse, with certain regions potentially benefiting from localized economic factors or demographic shifts that could influence buyer preferences and pricing structures.

For Buyers

For prospective buyers, this market presents an opportunity to negotiate favorable terms, particularly in a seller-favored environment. Buyers should remain vigilant about new listings and be prepared to act quickly, as the competitive nature of the current market could lead to swift sales.

For Sellers

Sellers are encouraged to price their properties competitively, given the current market conditions. With a strong SNLR and a limited number of new listings, well-priced homes are likely to attract significant interest, potentially leading to quicker sales.