January Listings Jump 46% Year-Over-Year

The Vancouver real estate market kicked off the year with a notable surge in new listings, as sellers entered the market in full force. With buyer demand remaining steady, this influx of inventory has helped maintain balanced market conditions, offering buyers more purchasing options, and sustained stable pricing trends.
 

In January 2025, 1,552 homes were sold - an 8.8% increase from 1,427 sales in January 2024. Although still 11.3% below the 10-year seasonal average, this growth indicates stable buyer activity, following the momentum built at the end of 2024.
 

The biggest shift came from newly listed properties, which rose 46.9% year-over-year to 5,566 properties, far surpassing the 10-year seasonal average by 31.1%. This heightened volume of new inventory pushed total active listings in Metro Vancouver to 11,494 homes, up 33.1% compared to January 2024 and 33.2% above the 10-year seasonal norm.

The sales-to-active listings ratio for January was 14.1% overall, sitting within neutral territory. Detached homes had the lowest ratio at 9.2%, while attached and apartment homes sat at 18.5% and 16.5%, respectively. Despite the influx of new listings, pricing trends remained consistent, with the composite benchmark price for all residential properties reaching $1,173,000, up just 0.5% year-over-year and 0.1% month-over-month.

• Detached homes remained relatively flat, with 380 transactions in January 2025, a 0.3% increase 379 transactions from January 2024. Though sales volume remained modest, the benchmark price for detached homes rose to $2,005,400, reflecting 3.1% increase year-over-year and a slight 0.4% increase from December 2024.

• Attached homes experienced a modest boost in sales volume, with 321 transactions, a 12.6% increase year-over-year. The benchmark price for an attached home landed at $1,105,600, up 2.7% year-over-year, though it dipped 0.8% compared to December 2024.

• Apartments saw the strongest sales growth, with 846 units sold, up 13.4% year-over-year. The benchmark price, however, declined slightly to $748,100, a 1.7% decrease from January 2024 and a 0.2% drop from December 2024.

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““In the three months preceding January, we’ve watched buyer demand gain momentum, but it appears that momentum is now shifting toward sellers to start the new year. Even with this increase in new listing activity, sales continue to outpace last year’s figures, signaling some buyer appetite remains after the upswing that finished off 2024.””

— Andrew Lis | REBGV Director, Economics and Data Analytics

Will Home Prices Remain Steady Amid Inventory Surge?

Though buyer momentum carried over from late 2024, the sharp rise in new listings suggests that sellers are stepping in early this year.

Looking ahead, sales continue to out-perform the previous year and moderate benchmark price growth is still expected over the course of 2025, but external economic factors—such as potential US-imposed tariffs on Canada—could introduce uncertainty. The extent of these tariffs, how long they remain in place, and Canada's response will all play a role in shaping the housing market in the months ahead.

For now, buyers have more choices, as those looking to purchase benefit from the increased supply. Sellers should remain vigilant and prioritize pricing strategy as competition builds. If you're considering selling, reach out for a complimentary home equity health check to understand the trends in your neighbourhood and how much your home is truly worth in today’s evolving market.

If you're considering selling, reach out for a complimentary home equity health check, and take the first step to understand how much your home is really worth today.