September 3, 2025
RED FM News Desk
Home sales in the Vancouver area rose by 2.9% in August compared to last year, according to the Greater Vancouver Realtors. The board says the market is showing signs of recovery, albeit a slow one, after a sluggish first half of the year.
A total of 1,959 homes were sold in the region last month, an increase from 1,904 sales in August 2024. However, this figure remains 19.2% below the 10-year seasonal average.
Andrew Lis, the board’s director of economics and data analytics, noted that sales for both detached and attached homes are up by more than 10% from last year. This suggests that buyers looking at higher price points are “re-entering the market in a meaningful way.” In August, there were 4,225 newly listed properties, a 2.8% increase year-over-year.
Fraser Valley Sales Drop
In contrast, the Fraser Valley Real Estate Board (FVREB) reported a sharp decline in sales for its region in August. The 931 transactions recorded were down 22% from July and 13% from last year, and 36% below the 10-year average.
The board says that inventory levels in the Fraser Valley are holding steady with just over 10,400 active listings, giving buyers more options, softer prices, and more time to make a decision.
In August, it took an average of 41 days to sell a condo in the Fraser Valley, while single-family homes sold in 38 days. Townhomes were the fastest-selling category, averaging 32 days on the market.
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