Greater Vancouver REALTORS (HPI) December 2025 Market Report: Benchmark Price Declines 3.8% Year-Over-Year

Greater Vancouver REALTORS (HPI) — December 2025

In December 2025, the composite benchmark price for Greater Vancouver homes is $1,255,100, reflecting a 3.8% decrease from the same month last year. Total sales for the month reached 286, with new listings totaling 316.

Market Analysis

The Greater Vancouver real estate market continues to exhibit signs of a seller's market, with a significant sales-to-new-listings ratio (SNLR) of 90.5%. This indicates that demand remains robust despite the decline in benchmark prices compared to December 2024. The total sales figure of 286, while lower than the previous month’s 362, suggests a seasonal slowdown typical for this time of year, as buyers and sellers often pause during the holiday season.

Property Type Analysis

In December, the benchmark price for detached homes stands at $3,137,400, while attached/townhouses are priced at $1,413,200, and apartments at $782,200. Although specific sales figures for these categories are not available, the overall trend indicates that the market is adjusting to changing buyer preferences and economic conditions, with a notable price decrease across all property types compared to the previous year.

Regional Highlights

Regionally, Greater Vancouver continues to face challenges with inventory levels, as new listings of 316 are not sufficient to meet the demand indicated by the strong SNLR. The decline in benchmark prices suggests that while buyers are active, they are also discerning, leading to a competitive landscape where sellers must be strategic in their pricing and marketing efforts.

For Buyers

For prospective buyers, this period presents an opportunity to enter the market with a variety of options available due to the influx of new listings. However, buyers should remain vigilant and conduct thorough research, as prices have shown a downward trend, potentially allowing for negotiation on offers.

For Sellers

Sellers are advised to carefully consider their pricing strategies in light of the current market conditions. With a high SNLR indicating strong demand, presenting properties at competitive prices can attract serious buyers, but sellers should also be prepared for negotiations as buyers are increasingly cautious.