The Vancouver real estate market in 2025 is showing clear signs of adjustment as supply increases and prices moderate. After several years of rapid price growth and limited inventory, the market has entered a more balanced phase.As of fall 2025, home sales across Metro Vancouver are down roughly 10 percent compared to last year, though the pace of decline has slowed. Active listings have risen more than 20 percent year-over-year, giving buyers more options across most property types. The benchmark home price now sits around $1.14 million, approximately three percent lower than in 2024, according to data from the Greater Vancouver REALTORS®. The sales-to-active listings ratio has dropped below 12 percent, suggesting that market conditions have shifted toward buyers in many neighbourhoods.While sales activity remains below long-term averages, the increase in available homes has created a healthier level of balance between supply and demand. Buyers have more opportunity to compare listings, while sellers are adjusting to the reality of more competitive pricing.Looking ahead, analysts expect a modest 5 to 10 percent price correction in certain areas if demand remains subdued through the winter. However, potential interest rate cuts later in 2025 could improve affordability and encourage renewed market activity.Overall, Vancouver’s housing market appears to be transitioning from decades of rapid growth to a period of stabilization.