Greater Vancouver REALTORS (HPI) December 2025 Market Report: Benchmark Price Declines 4.1% Year-Over-Year

Greater Vancouver REALTORS (HPI) — December 2025

In December 2025, the composite benchmark price for Greater Vancouver homes is $898,900, reflecting a 4.1% decrease from December 2024. Total sales for the month reach 43, with 57 new listings contributing to a strong seller's market.

Market Analysis

The Greater Vancouver real estate market continues to show signs of adjustment as the composite benchmark price decreases from $907,200 in November 2025 to $898,900 in December. This decline of 4.1% year-over-year indicates a cooling trend in home prices, despite the market remaining favorable for sellers, evidenced by a strong sales-to-new-listings ratio (SNLR) of 75.4%. The total sales of 43 in December suggest a modest level of activity, which may be influenced by seasonal factors and buyer sentiment in the current economic climate.

With 57 new listings coming onto the market, supply is slightly increasing, but the demand remains robust enough to maintain a seller's market. The current dynamics suggest that while prices are declining, the competition among buyers for available properties is still present, as indicated by the healthy SNLR. This scenario may lead to strategic pricing from sellers to attract buyers while navigating the current market conditions.

Property Type Analysis

When examining property types, the benchmark price for detached homes stands at $1,343,000, while attached/townhouses are priced at $882,800, and apartments at $594,400. The significant price difference between detached homes and other property types highlights the ongoing demand for more affordable housing options, particularly among first-time buyers and those looking to downsize. Although specific sales data for each property type is not available, the overall market trend suggests that buyers may be gravitating towards attached and apartment options as they seek value in a shifting market.

Regional Highlights

Regionally, the Greater Vancouver area is experiencing varied trends, with some neighborhoods showing resilience in pricing while others reflect the overall downward pressure on benchmark prices. The influx of new listings may indicate a response to the changing market, as sellers look to capitalize on current demand before potential further declines. As the market adjusts, it remains crucial for buyers and sellers alike to stay informed about localized trends that could impact their decisions.

For Buyers

For buyers, this may be an opportune time to enter the market, particularly with the recent decline in benchmark prices. It is advisable to conduct thorough research on neighborhoods of interest and to be prepared to act quickly on properties that meet their criteria, as the SNLR indicates a competitive environment despite the overall price decline.

For Sellers

Sellers are encouraged to price their homes strategically to attract buyers in this shifting market. Given the current seller's market conditions, presenting properties in their best light and being open to negotiations can help facilitate sales, even as benchmark prices show a downward trend.