🏡 New Year, New Listings! Homes newly listed on the MLS® in Metro Vancouver soared 46% year-over-year in January, as sellers jumped into the market to kick off 2025!

📈 Sales on the Rise:

The Greater Vancouver REALTORS® (GVR) reports 1,552 residential sales in January, marking an 8.8% increase from January 2024. While still 11.3% below the 10-year seasonal average, buyer activity remains strong.

💡 Market Shift Underway?

According to Andrew Lis, GVR’s director of economics and data analytics, buyer momentum in late 2024 is now shifting towards sellers. Even with an influx of new listings, demand is holding steady, signaling a balanced market for early 2025.

🏠 January 2025 Market Snapshot:

✅ New Listings: 5,566 properties (+46.9% YoY)

✅ Total Listings: 11,494 properties (+33.1% YoY)

✅ Sales-to-Active Listings Ratio: 14.1%

• Detached: 9.2%

• Attached: 18.5%

• Apartments: 16.5%

📊 Home Prices Holding Steady

• 🏡 Detached: $2,005,400 (+3.1% YoY, +0.4% MoM)

• 🏢 Apartments: $748,100 (-1.7% YoY, -0.2% MoM)

• 🏘️ Townhouses: $1,105,600 (+2.7% YoY, -0.8% MoM)

• 📊 Overall Benchmark Price: $1,173,000 (+0.5% YoY, +0.1% MoM)

🔮 Looking Ahead:

With new listings outpacing demand, prices remained relatively stable across all housing types in January. However, economic factors—such as potential U.S. tariffs—could influence the market in the months ahead.

📩 Thinking of Buying or Selling? Let’s chat! Whether you’re looking to enter the market or explore your options, I’m here to help. Reply to this email or call me today! 📞

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📊 Stay informed. Stay ahead.

🚀 Metro Vancouver’s market is moving fast—don’t get left behind!