Greater Vancouver Home Sales Pick Up at the Start of Summer

The latest market data from Greater Vancouver REALTORS® suggests that buyer activity strengthened in June, marking a more active start to the summer market. While inventory remains well above historical norms, stronger sales and a slower pace of new listings point to improving market conditions across Metro Vancouver.

Market Overview

Residential sales reached 2,390 in June 2026, an increase of 9.6 per cent compared to the 2,181 homes sold in June 2025. Although sales remain 12.4 per cent below the 10-year seasonal average, June recorded year-over-year gains across detached, attached, and apartment properties, signalling broader buyer participation than we've seen in recent months.

A total of 5,938 new properties were listed on the MLS® during the month. This is 6 per cent fewer than June 2025 but still 5.9 per cent above the 10-year seasonal average. The decline in new listings suggests inventory growth is beginning to level off after several months of elevated supply.

At the end of June, 17,017 homes were actively listed for sale across Metro Vancouver. That's 3.1 per cent lower than this time last year, though inventory remains roughly 30 per cent above the long-term seasonal average, continuing to offer buyers a wide range of options.

Sales to Active Listings Ratio

The overall sales-to-active listings ratio for June 2026 is 14.6 per cent. By property type:

• Detached homes: 12.0 per cent

• Attached homes: 17.8 per cent

• Apartments: 15.5 per cent

  
  

Historically, sustained ratios below 12 per cent have been associated with downward pressure on prices, while ratios above 20 per cent often indicate conditions that favour price growth.

June's figures continue to reflect a balanced market overall. Detached homes have edged back into balanced territory, while townhomes remain the strongest-performing segment as demand continues to outpace other property types.

MLS® Home Price Index

The MLS® Home Price Index benchmark for all residential properties in Metro Vancouver is now $1,099,100. This is 6.0 per cent lower than June 2025 and 0.1 per cent lower than May 2026, suggesting home prices have remained relatively steady despite improving market activity.

Benchmark prices by property type are as follows:

• Detached: $1,842,900 (down 7.1% year over year)

• Apartments: $695,200 (down 7.1% year over year)

• Attached: $1,046,200 (down 5.0% year over year)

  
  

Sales & Listing Report Snapshot

Average Sale Price Per Square Foot:

What This Means Moving Forward

June's numbers suggest the market is gradually becoming more active after a slower spring. Buyers are returning across all major property types, while the pace of new listings has eased, helping to prevent inventory from continuing to climb.

Although supply remains elevated, the current level of inventory has been sufficient to accommodate increased demand without placing significant upward pressure on prices. This creates favourable conditions for buyers, who continue to benefit from greater selection and more balanced negotiating opportunities. Sellers, meanwhile, should continue to focus on accurate pricing and strong presentation to stand out in a competitive market.

If buyer activity continues to build through the summer while new listing activity remains moderate, inventory levels may begin to tighten in the months ahead. Whether that translates into stronger price growth will largely depend on broader economic conditions, including interest rates and overall consumer confidence.