If you're considering listing your home in Vancouver, understanding current market conditions is essential. Whether you're buying or selling, experienced Vancouver Realtors can help you interpret the latest trends and develop a strategy that maximizes your results.
Home sales across the Vancouver real estate market continued to follow a similar pattern to last year, with residential sales decreasing by approximately 3 percent compared to March 2025.
According to the Greater Vancouver REALTORS® (GVR), there were 2,032 residential sales recorded across Metro Vancouver in March 2026, representing a 2.8 percent decrease from the 2,091 sales recorded in March 2025. Sales were also 31.8 percent below the 10-year seasonal average of 2,981 transactions.
Andrew Lis, GVR Chief Economist and Vice-President of Data Analytics, noted that year-to-date sales remain closely aligned with market forecasts. While overall demand remains subdued, the detached housing market is beginning to show encouraging signs. Detached home sales have increased compared to last year, while new detached listings have declined, suggesting stronger buyer interest in this segment. Multifamily homes, including condos and townhomes, continue to experience slower sales activity.
March 2026 saw 5,792 new detached, attached, and apartment listings added to the MLS®, a 10.3 percent decrease from the 6,455 properties listed in March 2025. Despite the decline, new listings remained 4.9 percent above the 10-year seasonal average.
Total inventory across Metro Vancouver reached 14,774 active listings, representing a modest 1.6 percent increase compared to March 2025. Inventory remains 38 percent above the 10-year seasonal average, giving buyers more selection while keeping market conditions balanced.
For homeowners considering listing your home in Vancouver, today's inventory levels mean strategic pricing, professional marketing, and expert negotiation are more important than ever.
The overall sales-to-active listings ratio for March 2026 was 14.2 percent, broken down as follows:
Detached homes: 11 percent
Attached homes: 17.2 percent
Apartments: 15.7 percent
Current ratios suggest that most segments of the Vancouver real estate market remain balanced, with detached homes approaching buyers' market conditions while townhomes and apartments continue to perform within balanced market territory.
Although fewer homeowners are listing their properties compared to last year, inventory has remained relatively stable due to sales continuing below historical averages. As a result, benchmark home prices have shown minimal month-to-month movement.
Economic uncertainty continues to influence buyer confidence. While concerns surrounding international tariffs have eased since early 2025, ongoing geopolitical tensions in the Middle East have placed upward pressure on bond yields and fixed mortgage rates. Higher borrowing costs may soften buyer demand as the spring market progresses unless global conditions improve.
Experienced Vancouver Realtors continue to advise buyers and sellers to focus on local market fundamentals rather than short-term headlines when making real estate decisions.
The MLS® Home Price Index benchmark for all residential properties in Metro Vancouver is now $1,104,300, representing:
6.8 percent decrease compared to March 2025
0.4 percent increase compared to February 2026
Detached Homes
Detached home sales reached 571 in March 2026, an 8.3 percent increase from the 527 sales recorded one year earlier.
Benchmark Price: $1,854,800
8.2 percent decrease year over year
1 percent increase month over month
The detached market continues to show early signs of strengthening demand, making this segment one to watch throughout 2026.
Apartment sales totalled 999 in March 2026, a 7.8 percent decrease from March 2025.
Benchmark Price: $706,700
7.8 percent decrease year over year
0.2 percent decrease compared to February 2026
Townhomes
Attached home sales reached 446 in March 2026, a 5.5 percent decrease from the previous year.
Benchmark Price: $1,047,100
5.7 percent decrease year over year
0.1 percent increase month over month
Thinking About Listing Your Home in Vancouver?
Every neighbourhood and property type is performing differently in today's market. Whether you own a detached home, townhouse, or condo, having a customized pricing and marketing strategy can significantly impact your results.
If you're considering listing your home in Vancouver, working with a knowledgeable Vancouver Realtor who understands local market trends, buyer behaviour, and effective marketing strategies can help you maximize your home's value while navigating today's changing Vancouver real estate market with confidence.
Metro Vancouver Home Sales Continue at a Measured Pace in March 2026
Home sales across the Vancouver real estate market continued to follow a similar pattern to last year, with residential sales decreasing by approximately 3 percent compared to March 2025.
According to the Greater Vancouver REALTORS® (GVR), there were 2,032 residential sales recorded across Metro Vancouver in March 2026, representing a 2.8 percent decrease from the 2,091 sales recorded in March 2025. Sales were also 31.8 percent below the 10-year seasonal average of 2,981 transactions.
Andrew Lis, GVR Chief Economist and Vice-President of Data Analytics, noted that year-to-date sales remain closely aligned with market forecasts. While overall demand remains subdued, the detached housing market is beginning to show encouraging signs. Detached home sales have increased compared to last year, while new detached listings have declined, suggesting stronger buyer interest in this segment. Multifamily homes, including condos and townhomes, continue to experience slower sales activity.
New Listings Decline While Inventory Remains Stable
Total inventory across Metro Vancouver reached 14,774 active listings, representing a modest 1.6 percent increase compared to March 2025. Inventory remains 38 percent above the 10-year seasonal average, giving buyers more selection while keeping market conditions balanced.
For homeowners considering listing your home in Vancouver, today's inventory levels mean strategic pricing, professional marketing, and expert negotiation are more important than ever.
Sales-to-Active Listings Ratio
The overall sales-to-active listings ratio for March 2026 was 14.2 percent, broken down as follows:
Detached homes: 11 percent
Attached homes: 17.2 percent
Apartments: 15.7 percent
"Historically, when this ratio remains below 12 percent for an extended period, downward pressure on home prices tends to occur. Conversely, when the ratio exceeds 20 percent for several months, prices often experience upward pressure."
Current ratios suggest that most segments of the Vancouver real estate market remain balanced, with detached homes approaching buyers' market conditions while townhomes and apartments continue to perform within balanced market territory.
Market Outlook in March 2026
Although fewer homeowners are listing their properties compared to last year, inventory has remained relatively stable due to sales continuing below historical averages. As a result, benchmark home prices have shown minimal month-to-month movement.
Economic uncertainty continues to influence buyer confidence. While concerns surrounding international tariffs have eased since early 2025, ongoing geopolitical tensions in the Middle East have placed upward pressure on bond yields and fixed mortgage rates. Higher borrowing costs may soften buyer demand as the spring market progresses unless global conditions improve.
Experienced Vancouver Realtors continue to advise buyers and sellers to focus on local market fundamentals rather than short-term headlines when making real estate decisions.
Vancouver Real Estate Benchmark Prices
The MLS® Home Price Index benchmark for all residential properties in Metro Vancouver is now $1,104,300, representing:
6.8 percent decrease compared to March 2025
0.4 percent increase compared to February 2026
Detached Homes
Detached home sales reached 571 in March 2026, an 8.3 percent increase from the 527 sales recorded one year earlier.
Benchmark Price: $1,854,800
8.2 percent decrease year over year
1 percent increase month over month
The detached market continues to show early signs of strengthening demand, making this segment one to watch throughout 2026.
Apartment Homes
Apartment sales totalled 999 in March 2026, a 7.8 percent decrease from March 2025.
Benchmark Price: $706,700
7.8 percent decrease year over year
0.2 percent decrease compared to February 2026
Townhomes
Attached home sales reached 446 in March 2026, a 5.5 percent decrease from the previous year.
Benchmark Price: $1,047,100
5.7 percent decrease year over year
0.1 percent increase month over month
Thinking About Listing Your Home in Vancouver?
Every neighbourhood and property type is performing differently in today's market. Whether you own a detached home, townhouse, or condo, having a customized pricing and marketing strategy can significantly impact your results.
If you're considering listing your home in Vancouver, working with a knowledgeable Vancouver Realtor who understands local market trends, buyer behaviour, and effective marketing strategies can help you maximize your home's value while navigating today's changing Vancouver real estate market with confidence.
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