Greater Vancouver REALTORS Market Report: June 2026 Shows Increased Sales Amid Price Decline

Greater Vancouver REALTORS — June 2026

In June 2026, the Greater Vancouver REALTORS® report a total of 2,390 residential sales, marking a 9.6% increase from the previous year. The composite benchmark price for all properties is $1,099,100, reflecting a 6.0% year-over-year decline.

Market Analysis

The Greater Vancouver real estate market demonstrates a notable uptick in demand as sales increase across all property types. With 2,390 sales recorded in June, this figure is 12.4% below the 10-year seasonal average of 2,728, yet it indicates a positive trend compared to the 2,181 sales in June 2025. The sales-to-active listings ratio stands at 14.6%, suggesting a buyer's market, as inventory levels remain high with 17,017 active listings. Despite the increase in sales, the benchmark price has decreased by 6.0% year-over-year, indicating that while demand is returning, it is not yet sufficient to drive prices upward significantly.

Property Type Analysis

Sales activity varied across property types in June 2026, with detached homes recording 747 sales and a benchmark price of $1,842,900. Attached and townhouse properties saw 527 sales with a benchmark of $1,046,200, while apartments led the market with 1,103 sales at a benchmark of $695,200. This broad-based increase in sales across all categories suggests a recovering interest in the housing market, although prices continue to reflect downward pressure due to the substantial inventory available.

Regional Highlights

The inventory of homes for sale remains elevated, with 5,938 new listings in June 2026, a decrease of 6.0% from the previous year. This figure is 5.9% above the 10-year seasonal average, indicating a sustained level of supply in the market. The active listings represent a 3.1% decrease compared to June 2025, but remain 30.2% above the historical average, suggesting that while demand is increasing, the market is still characterized by a significant supply of homes.

For Buyers

For prospective buyers, the current market conditions present an opportunity to negotiate favorable terms given the high inventory levels and the buyer's market dynamics. With prices showing a downward trend, buyers may find better value in their purchases, particularly in the detached and attached property segments where sales have increased.

For Sellers

Sellers should remain cautious in the current market environment, where inventory levels are high and prices are declining. It is advisable to price properties competitively and consider enhancing the appeal of listings to attract potential buyers. Engaging with a knowledgeable real estate professional can provide insights into effective marketing strategies to navigate this buyer's market.