Selling Statistics
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Real Estate Market Update - February 2025
Here is our Greater Vancouver Market Update. Subscribe to our Youtube to channel to get see our monthly videos, as well as sign up for our newsletter at the bottom of this page!
Real Estate Market Update - Quick Notes
The Greater Vancouver Real Estate Market took a step back when looking at the January data with New Listings on the rise.
Sales were -10% below the 10-Year Average, while Supply was up +28% for Active Inventory and New Listings up +31.5%. New Listings were the biggest change, as they were down -1% in December. These figures led the Months of Inventory Ratio (MOI) to move upward to 7.2 homes listed per sale – a “Balanced Market”, and was the highest ratio since September. That being said, January has the highest 10-Year Average MOI Ratio so it is typical to see an increase, but it moved up 1.8 months of inventory where we normally see a 1.0 move upward from December to January. When looking at the segment MOI Ratios, Detached sits at 11.3, Townhomes 5.1, & Condos 6.05, all moving higher from their December ratios.
To start the year, we saw showing activity pick up and we saw more multiple offer scenarios than in December, however the uncertainty with our neighbours to the south seems to have dampened buyer sentiment as January went on. That being said, properly priced homes in desirable locations are still moving quickly and many in multiple offers. There are no Bank of Canada Interest Rate Announcement’s this month, with the next being March 12th.