Greater Vancouver Real Estate – March 2025 Market Update

March Market Update: A Slow Start to Spring in Vancouver Real Estate

March continued the trend of a sluggish start to the year, echoing the quiet activity we saw in January and February. Traditionally, the spring market ushers in a wave of eager buyers, but 2025 is proving to be a little different. Instead of the usual seasonal surge, we’re seeing a more cautious approach from both buyers and sellers—likely influenced by ongoing economic uncertainties and interest rate considerations.

Detached Homes:
This segment remains firmly in Buyer’s Market territory. Inventory levels are high, giving buyers more choices and more negotiating power. Sellers are facing longer listing times, and only the most competitively priced homes are moving quickly.

Condos:
The condo market is generally Balanced, but there's an important caveat. In neighborhoods with a concentration of new high-rise developments, we're seeing an oversupply that's gradually shifting the advantage toward buyers. These areas are experiencing slower sales and slight price adjustments, making it a good time for buyers to negotiate.

Townhouses:
Townhomes are currently the standout. Many neighborhoods are showing signs of a Balanced to Seller’s Market, especially where inventory is limited and demand remains strong. Price range and location play a major role, but overall, this segment is more resilient than detached homes and condos.

It’s worth noting that real estate trends can vary significantly from one neighborhood to another. Whether you’re a first-time buyer or an investor, now could be a strategic time to start exploring the market. Not every home is a bargain, but with the right insights, there are excellent opportunities to be found.

✨ Thinking of buying or simply curious about where things are heading? Feel free to reach out—I’d love to help you navigate the market and make smart, confident decisions.