- Overview
Metro Vancouver’s housing market is showing clear signs of cooling. Homes are taking longer to sell, and the probability of listings being relisted has increased. While many properties still move within about a month, the average days on market (DOM) has grown year-over-year, signaling shifting buyer and seller dynamics.
- Key Findings
2.1 Average Days on Market (DOM) – June 2025 (GVR Data)
Detached homes: ~36 days
Attached (townhouses, duplexes): ~29 days
Apartments/condos: ~35 days
Median benchmark: Homes typically sell within 4–5 weeks.
2.2 Wider Market Estimates
Zolo (2025): Median DOM across Vancouver is ~30 days.
RE/MAX (Fall 2025): Some homes are sitting 74–300+ days, about 20% longer than last year.
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Trends Driving Longer Listing Times
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Increased Inventory: Listings are outpacing sales, giving buyers more choice.
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Affordability Pressures: High interest rates and elevated prices limit buyer activity.
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Overpricing Risks: Homes listed above market value are disproportionately staying on the market and being relisted.
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Property Type Differences:
Townhouses remain the quickest sellers (under a month).
Detached homes and condos are closer to 5 weeks, with luxury properties facing much longer timelines.
- Implications for the Market
For Sellers: Realistic pricing is critical; otherwise, properties risk sitting for months or facing relisting.
For Buyers: Greater negotiating power as supply outpaces demand; more room to request concessions.
For Investors: Longer DOM may indicate opportunities to target motivated sellers.
- Outlook
If interest rates remain elevated and new listings continue to climb, DOM will likely increase further through late 2025. While average sales times hover near a month, the widening gap between fast-moving and stagnant listings suggests a more fragmented market ahead.
