Vancouver Home Sales Move Lower

Vancouver’s housing market is showing signs of steady progress as we move through Late-Q3. With 2,300 home sales recorded and activity remaining below long-term averages, it’s clear that both buyers and sellers are still adjusting to the evolving landscape. What stands out this quarter is the increased supply: 5,400 newly listed homes and 11,400 active listings mean more options for buyers across the city. The benchmark residential price remains around $1.2M, holding steady from Mid-Q3—proof that additional inventory is helping to ease upward pressure on prices. According to the board’s economist, the market is maintaining a steady pace, with both sides adapting as we move toward a more balanced environment. This balance is good news for anyone navigating Vancouver real estate: buyers now have more choice, while stable pricing offers sellers some reassurance. Drawing on nearly 30 years living here and over a decade guiding clients through market shifts, I see this as an encouraging step toward a healthier, more accessible Vancouver market.