Greater Vancouver REALTORS Market Report: June 2026 Shows Continued Price Decline

Greater Vancouver REALTORS (HPI) — June 2026

In June 2026, the Greater Vancouver real estate market sees a composite benchmark price of $1,041,500, reflecting a 5.0% decrease from the previous year. Total sales reach 45, while new listings increase to 137, indicating a shift towards a buyer's market.

Market Analysis

The Greater Vancouver real estate market is currently experiencing a buyer's market, characterized by a months of inventory (MOI) of 7.9. This indicates that the supply of homes is outpacing demand, as evidenced by the 32.8% sales-to-new-listings ratio (SNLR). The total sales of 45 in June 2026 represent a slight decrease from 48 in May 2026, suggesting that while new listings are increasing, buyer activity remains subdued compared to the previous year.

Property Type Analysis

In terms of property types, the detached homes have a benchmark price of $1,947,300, while attached/townhouses and apartments are priced at $993,800 and $698,300, respectively. The lack of sales data for these categories in June makes it challenging to assess their performance, but the overall downward trend in benchmark prices indicates that all property types are likely experiencing similar pressures in this market.

Regional Highlights

Regionally, the Greater Vancouver area continues to see fluctuations in inventory levels and pricing. The composite benchmark price has decreased from $1,102,300 in June 2025 to the current $1,041,500, highlighting a significant shift in market conditions over the past year. This trend suggests that potential buyers may find more opportunities as inventory levels rise and prices stabilize.

For Buyers

Buyers are encouraged to take advantage of the current market conditions, as the increase in new listings provides a wider selection of properties. With the market favoring buyers, it is advisable to conduct thorough research and consider negotiating on price, as sellers may be more open to offers in this environment.

For Sellers

Sellers should be aware of the current buyer's market and the downward trend in prices. To attract potential buyers, it is essential to price properties competitively and ensure they are well-presented. Additionally, being flexible with negotiations can help facilitate sales in a market where inventory is high and buyer interest is cautious.