Ron Matin
The Greater Vancouver area is currently experiencing its lowest annual home sales total this century, with only 23,800 transactions recorded last year—nearly 25% below the 10-year average. This muted activity is largely attributed to ongoing economic uncertainty and factors such as U.S. tariffs.
With more than 65,000 properties listed in 2025, a significant 8.2% increase from the previous year, buyers now find themselves in a favorable position. Particularly, first-time homeowners are being encouraged to take advantage of this landscape, as the rise in inventory and a slight dip in average asking prices present valuable opportunities.
However, experts advise sellers to reassess their pricing strategies. Many sellers remain anchored to previous price levels that are unrealistic given the current market conditions. Some local market observers suggest that it’s imperative for sellers to adopt a more realistic approach in order to achieve successful transactions. For those looking to sell, exploring effective selling strategies may provide the necessary edge in this competitive market.
Industry insights indicate that the price levels of properties have not seen drastic declines, despite the saturation of the market. Sellers are cautioned against the cycle of continually lowering prices; instead, adopting flexibility regarding pricing and accommodating buyer requests can be essential for closing deals this year.
With various options for buyers to find their ideal properties, checking buying insights can facilitate informed decisions. Additionally, being patient and mindful as a buyer will not only increase your chances of securing a property but will also make the process smoother.
In this dynamic environment, both parties must adapt to the prevailing conditions. Sellers who acknowledge the need for realistic pricing and buyers patient enough to navigate the complexities will be more likely to succeed. For further assistance with market trends and alerts, consider signing up for notifications on market movements.