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

Greater Vancouver REALTORS (HPI) — December 2025

In December 2025, the composite benchmark price for Greater Vancouver real estate is $1,154,900, reflecting a 4.3% decrease from the previous year. Total sales for the month reached 158, with a strong seller's market indicated by a sales-to-new-listings ratio of 73.8%.

Market Analysis

The Greater Vancouver real estate market continues to exhibit a seller's advantage, despite a year-over-year decline in prices. With 214 new listings introduced in December, the market remains active, although total sales have decreased from 210 in November. The current sales-to-new-listings ratio of 73.8% suggests that demand is outpacing supply, which may contribute to upward pressure on prices in the coming months, despite the current decline.

Property Type Analysis

The benchmark price for detached homes stands at $1,718,800, while attached/townhouse properties are priced at $1,035,100, and apartments at $650,100. This price differentiation indicates a continued preference for detached homes, which typically command higher prices, while the more affordable segments like apartments remain attractive to first-time buyers and those seeking lower entry points into the market.

Regional Highlights

Regionally, the dynamics of the Greater Vancouver market reflect a complex interplay of supply and demand. While the overall benchmark price has decreased compared to December 2024, the strong sales-to-new-listings ratio indicates that certain areas may still experience competitive bidding. This trend suggests that localized market conditions may vary significantly across different neighborhoods.

For Buyers

For buyers, the current market presents an opportunity to negotiate favorable terms, especially in a seller's market. It is advisable to remain informed about the specific neighborhoods of interest and to act quickly when suitable properties become available, given the competitive nature of the market.

For Sellers

Sellers are encouraged to price their properties competitively to attract potential buyers, especially in light of the current market conditions. With a strong sales-to-new-listings ratio, presenting a well-maintained home and being flexible with negotiations can enhance the chances of a successful sale.