Greater Vancouver REALTORS Market Report: May 2026 Shows Continued Buyer Conditions

Greater Vancouver REALTORS — May 2026

In May 2026, the Greater Vancouver REALTORS® report a composite benchmark price of $1,100,700, reflecting a 6.2% decrease year-over-year. Total sales reached 2,150, marking a 3.5% decline from the same month last year, while active listings increased to 16,917.

Market Analysis

The Greater Vancouver real estate market continues to exhibit buyer-favorable conditions, with a sales-to-active listings ratio of 13.1%. This ratio indicates a balanced market, as it remains below the critical threshold of 20% that typically signals upward price pressure. The months of inventory stands at 7.9, suggesting that supply is outpacing demand, which has contributed to the overall decline in prices across the region. The MLS® Home Price Index composite benchmark price has seen a slight month-over-month increase of 0.2%, indicating stability amidst a broader downward trend over the past year.

Property Type Analysis

When analyzing property types, detached homes have a benchmark price of $1,847,900, with sales increasing by 0.9% year-over-year to 660 units. In contrast, the apartment segment has faced challenges, with sales declining by 7.2% to 1,009 units and a benchmark price of $697,800. The attached/townhouse market remains relatively stable, with a benchmark price of $1,048,200 and 463 sales, indicating that while some segments are struggling, others are maintaining performance.

Regional Highlights

Regionally, some areas such as North and East Vancouver have experienced increases in apartment sales, contrasting with the overall decline in this segment. The overall inventory levels remain significantly above the 10-year seasonal average, suggesting that buyers have a wider selection of properties to choose from, which may further influence price stabilization in the coming months.

For Buyers

For potential buyers, this market presents an opportunity to negotiate favorable terms, especially in the apartment segment where sales are slower. Buyers should consider leveraging the current inventory levels to find properties that meet their needs without the pressure of rapidly rising prices.

For Sellers

Sellers are advised to be realistic with their pricing strategies, as the current market conditions favor buyers. With an increase in active listings and a sales-to-active listings ratio below 15%, it is crucial for sellers to present their properties competitively to attract interest and facilitate sales.