VANCOUVER WEST May HOUSE MARKET
Attached please find the latest statistics from Greater Vancouver Realtors.
The News Release, after the activity recorded in May, is not exceedingly optimistic but there is the expectation of an orderly market through the summer, with values staying flat. Detached sales remain the bright spot of all sectors, yet not robust enough to cause upward pressure on prices. Meantime slow sales of apartments result in an overall average decline in value last month versus the previous May. This May saw a 3.5 percent decrease in residential sales compared to last May. Year to year newly listed properties are down 7.6 percent. Total inventory this May is one percent lower than May 2025. The composite value of all properties is 6.2 percent lower May to May.
The graph shows a 1.6 percent increase from April to May for the average price of Metro Vancouver detached properties. The benchmark price for houses in May 2026 is 6.9 percent below the previous May. Year to year the volume of detached home sales rises 0.9 percent.
Last month versus May 2025, Vancouver west detached prices decline 8.5 percent. West side house sales jump 47.2 percent year to year. Inventory is down 20.5 percent this May compared to the previous May.
From April to May west side house sales are up 23.8 percent. Month to month detached inventory decrease 19.5 percent.