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 stands at $862,000, reflecting a year-over-year decrease of 6.1%. Total sales for the month are recorded at 16, with a strong seller's market indicated by a sales-to-new-listings ratio of 133.3%.

Market Analysis

The Greater Vancouver real estate market continues to exhibit signs of a seller's market, despite the notable decline in benchmark prices compared to the previous year. The composite benchmark price has decreased from $918,100 in December 2024 to $862,000 this month, indicating a significant shift in market dynamics. However, the sales-to-new-listings ratio of 133.3% suggests that demand remains robust relative to the supply of new listings, which totaled 12 in December 2025. This imbalance indicates that sellers may still hold negotiating power in the current market environment.

The total sales for December 2025 are markedly lower than the previous month, where 28 sales were recorded in November. This decline in sales volume may reflect seasonal trends as the year comes to a close, but the persistent decrease in benchmark prices suggests that buyers are exercising caution amid economic uncertainties. The market's current conditions highlight the importance of strategic pricing and marketing for sellers looking to attract buyers in a competitive landscape.

Property Type Analysis

When examining the property types, the detached homes have a benchmark price of $1,207,900, while attached/townhouses and apartments are priced at $774,200 and $556,400, respectively. Although specific sales data for each property type is not available, the overall trend indicates that the most significant price adjustments have occurred across all categories, with detached homes experiencing the highest benchmark price. This price segmentation suggests that buyers may be gravitating towards more affordable options, such as apartments and townhouses, in light of the current economic climate.

The price decline across all property types reinforces the notion that buyers are seeking value, which may lead to increased activity in the lower price segments. Sellers of detached homes may need to consider competitive pricing strategies to attract buyers who are currently more inclined to explore attached or apartment options.

Regional Highlights

Regionally, Greater Vancouver continues to face a challenging market landscape, with overall benchmark prices trending downward. The decline in the composite benchmark price from $858,300 in November 2025 to $862,000 in December reflects ongoing adjustments to market conditions. The region's economic factors, including interest rates and employment trends, are likely influencing buyer sentiment and purchasing power, contributing to the observed price decreases.

Additionally, the limited new listings in December may indicate a cautious approach from sellers in response to the current market conditions. As the market navigates these fluctuations, regional trends will be critical for both buyers and sellers to monitor in the coming months.

For Buyers

For buyers in the Greater Vancouver market, this may be an opportune time to enter the market, especially with the current benchmark prices showing a decline. Buyers should conduct thorough research and consider their long-term goals, as the current seller's market may present opportunities for negotiating favorable terms, particularly in the attached and apartment segments.

For Sellers

Sellers are advised to remain realistic about pricing in light of the current market conditions. With benchmark prices declining, it is crucial to price properties competitively to attract potential buyers. Engaging a knowledgeable REALTOR can provide valuable insights into effective marketing strategies and pricing adjustments that align with current market dynamics.