Are we really still in a buyers market?!

Short answer: Yes, we are really still in a buyers market. But, let me explain. 

 

According to Kevin Skipworth (2025) from REW, the Greater Vancouver real estate market is still experiencing risng inventory and buyer hesitation. This is, at least in part, due to continued uncertainty surrounding issues with trades, our economic future, and interest rates. June ended with upwards of 17,561 active listings, which shows an increase of 24% Y-O-Y and 3% M-O-M. In fact, the ratio for sales to new listings for June sat at 34%, further cementing a buyers market territory. As the scarcity of buyers has held fast for several months, we also see a decline in pricing all over Greater Vancouver and the Fraser Valley of -1.5%.

 

So, as there are many more homes to choose from than buyers to buy and prices continuing to drop, there is an opportunity to negotiate. 

 

However, because sellers are dropping their price or their home might be listed for an extended period of time, they may be a little less open to negotiating. So, in order to get the most out of the current market, you will need to understand the process of both buying and selling a house, as well as the strengths and pitfalls of certain properties, locations, and so forth. 

 

Most importantly, you will need the assistance of a real estate agent that knows the area, the market, and the sales experience to ensure the process is as smooth as possible!

 

 

 

 

https://www.rew.ca/guide/articles/market-insights-report-june-2025?utm_source=newsletter&utm_medium=email&utm_campaign=guide-content&utm_source=Consumers%3A+Market+Insights&utm_campaign=588b22510b-REWnews_Homeseeker_130_COPY_01&utm_medium=email&utm_term=0_8e94885b84-588b22510b-95563206