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📌 Market Snapshot & What It Means for You

March is typically when the real estate market begins to warm up—but this year tells a different story. Sales dropped to the lowest level in nearly 20 years, even as mortgage rates started to ease. Meanwhile, inventory climbed sharply, shifting the market strongly in favor of buyers. Whether you're planning to buy or sell, these shifts require careful strategy.

📊 Key Market Metrics: Greater Vancouver, March 2025

• Sales Volume: 2,091 homes sold

  ↘️ 13.4% lower than March 2024

  ↗️ 14.4% higher than February 2025

  📉 36.8% below the 10-year seasonal average (3,308)

• New Listings: 6,455 homes listed

  ↗️ 15.8% above the 10-year seasonal average (5,572)

• Total Active Listings: 14,446

  ↗️ 37.9% higher YoY

  ↗️ 14.4% higher MoM

• Months of Inventory (MOI): 6.9 months → firmly in Buyer’s Market territory

• Home Price Index (HPI):

  ↗️ 1.0% higher YoY

  ↗️ 0.1% higher MoM

  💡 Prices remain stable despite rising inventory

🏘️ Inventory Breakdown by Property Type

• 🏡 Detached Homes: Buyer’s Market
• 🏘️ Townhomes: Balanced Market
• 🏢 Condos: Balanced Market

💬 Professional Insight & Actionable Advice

🔹 For Buyers: With inventory at multi-year highs and interest rates softening, now is a good time to negotiate. While prices remain stable, many sellers are more open to flexible terms. If you're actively searching, this could be your opportunity to buy with less competition.

🔹 For Sellers: It's critical to price right. Homes that show well and are priced competitively continue to sell. However, overpricing could mean sitting on the market much longer in this climate.

💡 If you are curious about how your area is performing, make sure to download the free market report below!