November felt like the take of two markets. The beginning of the month continued the activity from October, but the end of the month seems to be a little tougher. I’m seeing a couple different trends:
- Fewer new listings: this is expected given the holiday season and slow market. Many sellers are now waiting until the New Year to list and will be taking their property off the market soon (if it hasn’t yet sold) to give themselves a break over the holidays. I always say, if a property is for sale in December, especially closer to Christmas, the Seller is probably pretty keen to sell.
- Collapsing offers: I’ve experienced this within my own business but have also talked to a number of other agents who have been experiencing this as well. Buyers are offering on properties but not going through with the purchase due to financing or changed minds. I think this has to do with a bit of a weird market but also Buyers keen to buy something and reaching for properties that aren’t perfect given the declining inventory.
The market will continue to slow down as everyone enjoys the holidays. Expect properties that were listed this fall to be re-listed in early January, with new listings starting to hit the market in mid-January, though I anticipate that it will be a slow build to a busy Spring market. Enjoy the holiday season, and give me a call if you have any questions!
Here’s a snippet from the Real Estate Board’s Monthly Update:
There were 3,674 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in November 2025. This represents a 1.4 per cent decrease compared to the 3,725 properties listed in November 2024. This was 3.1 per cent above the 10-year seasonal average (3,562).
Across all detached, attached and apartment property types, the sales-to-active listings ratio for November 2025 is 12.6 per cent. By property type, the ratio is 9.7 per cent for detached homes, 13.6 per cent for attached, and 14.8 per cent for apartments.
Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.
The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,123,700. This represents a 3.9 per cent decrease over November 2024 and a 0.3 per cent decrease compared to October 2025.
Onto the stats:
Vancouver West Real Estate Stats up to and including November 2025
HPI Price for Vancouver West
*Unfortunately HPI Price can’t be any more specific than Condo/Townhouse/House*
Average Sales Price for Vancouver West
Median Percentage of Original Price for Vancouver West
New Listings for Vancouver West
Total Inventory for Vancouver West
Total Sales for Vancouver West
Sales to Active Ratio for Vancouver West
Median Days on Market for Vancouver West
East Vancouver Real Estate Stats up to and including November 2025
HPI Price for East Vancouver
*Unfortunately HPI Price can’t be any more specific than Condo/Townhouse/House*
Average Sales Price for East Vancouver
Median Percentage of Original Price for East Vancouver
New Listings for East Vancouver
Total Inventory for East Vancouver
Total Sales for East Vancouver
Sales to Active Ratio for East Vancouver
Median Days on Market for East Vancouver
As always, if you have questions on a particular kind of property or neighbourhood, get in touch with me!
And if you’re thinking about selling your property, give me a call to chat about value, pricing strategy and the sale process. There are plenty of details to chat about – including timing, value, staging and your potential purchase – so don’t hesitate to contact me if you’d like to get started: kristi@realestatevancity.ca or 778-387-7371. The better you understand your current value and what Buyers may be looking for, the more successful your sale.