May 2025 Vancouver Housing Update
As we settle into May, the local housing market continues to feel the effects of high inventory, sluggish sales, and cautious buyers. Here’s what’s happening right now in three key areas:
1️⃣ Market Conditions: Momentum Still Sluggish
Sales remain soft across Vancouver and North Vancouver, with activity continuing to 24% below trail behind typical spring patterns.
Inventory is climbing steadily as more listings hit the market—especially from sellers who delayed listing during the quieter winter and early spring months. We are currently almost 50% above the 10 year average for total inventory in Greater Vancouver.
Prices starting to decline? With the pressure of record low sales and record high inventory, prices are finally starting to roll over (slightly) -1.8% Month/Month.
📌 Today’s strategy: Price realistically, prepare for a longer selling timeline, and be ready to negotiate. The market is slow but steady—the right buyer will come along.
Vancouver Housing Inventory
2️⃣ Seller & Buyer Sentiment
Sellers are cautious but firm—most are only entering the market if they need to or have a unique product.
Buyers have more options, but many are taking a wait-and-see approach, especially with a lot of uncertainty in the air and too many options.
Homes that are well-priced and well-presented or unique products are still getting activity—but overall, it’s a slower, more deliberate market right now.
3️⃣ Post-Election Outlook
Canada’s federal election wrapped up on April 28, and all eyes are on what the elected Liberal government will do to address housing supply, affordability, and economic uncertainty.
Expect policy announcements over the coming months that could impact mortgage lending rules, housing supply targets, and taxation.
Whether you’re buying or selling, it’s a good time to stay informed, especially if new measures could affect financing, investor activity, or zoning.
So, if you’re thinking about buying or selling, now more than ever, it’s important to understand the nuances of this market. Smart pricing and strategic timing can make all the difference. We’re in a dynamic, ever-changing environment. The key is to stay informed, stay prepared, and most importantly—stay ahead of the market. We pride ourselves on being some of the most informed Real Estate Professionals in the city which gives us the edge most of our clients value, especially in today’s market. Don’t hesitate to reach out.
If you’re thinking of making a move in 2025 feel free to reach out to me or Steve Saretsky.
78 homes sold last year and happy to help you too!
Feel free to reach out if you want to connect with me! 778-951-5853 LUKE@SARETSKYGROUP.COM
^ Book a call with me to discuss your options here ^
Luke Annunziello | Vancouver Realtor
About Luke
Luke is a real estate professional with a distinguished career as a realtor since 2019, specializing in the Greater Vancouver market. His expertise extends beyond traditional real estate services, as he possesses a comprehensive understanding of property renovations, accumulated over a period of seven years. Clients appreciate Luke for his friendly nature and ability to establish rapport, making complex transactions more accessible.
Luke is a part of the esteemed Saretsky group which is part of the top 1% of all realtors in Vancouver. This affiliation with the Saretsky group translates into a range of benefits for his clients. From market expertise and extensive networks to enhanced marketing capabilities and exclusive opportunities, Luke can provide a superior level of service and results for those seeking assistance in the competitive Vancouver real estate market.
When not doing real estate transactions you can find him playing hockey, snowboarding on the mountains or spending time with his wife and daughter. Whether navigating the dynamic Vancouver market or incorporating renovation insights into property dealings, Luke stands as a reliable and professional ally, ensuring a seamless and positive experience for his clientele.
Whether you're looking to buy or sell a property in North Vancouver or elsewhere in Vancouver, Luke is the agent you can trust to guide you through the process and achieve your goals.
