What is happening in the Vancouver market right now?
Vancouver’s May 2026 data shows new listings running 2% below the five year average while sales have dropped 20%, pushing inventory up 26% and months of supply up 47%. The benchmark price is $1,100,700, up 2.14% month over month but down 2.43% year over year. Price declines are present across all three segments, with detached carrying the sharpest annual correction at 4.31%.
1 Overall Market
A monthly recovery provides some relief but does not alter the sustained annual correction
May data shows constrained listing activity alongside continued demand weakness. New listings are 2% below the five year May average, while sales are down 20%. Inventory has increased 26%, pushing months of supply up 47%.
The benchmark price is $1,100,700, up 2.14% month over month but down 2.43% year over year. Supply continues to build and demand remains well below historical norms, maintaining buyer leverage across all segments.
$1,100,700
Benchmark price
-2.43%
Year over year
+26%
Inventory change
+47%
Months of supply
2 Detached Homes
Tighter supply meets softer demand as annual prices carry the sharpest correction in the market
Detached conditions show tighter supply alongside sustained demand weakness. New listings are 4% below the five year May average, while sales are down 17%. Inventory has risen 20%, increasing months of supply by 37%.
The benchmark price is $1,856,800, up 1.58% month over month but down 4.31% year over year. The monthly gain does not offset an annual decline that reflects sustained buyer resistance at elevated price points.
$1,856,800
Benchmark price
-4.31%
Year over year
-4%
New listings vs avg
-17%
Sales change
3 Condominiums
Weakest demand of any Vancouver segment as annual declines persist past 3 percent
Condominium conditions reflect the weakest demand of any Vancouver segment. New listings are 4% below the five year May average, while sales have dropped 25%. Inventory has climbed 25%, pushing months of supply up 52%.
The benchmark price is $697,800, up 2.96% month over month but down 3.67% year over year. Continued annual declines reflect sustained imbalance between supply and demand, and the monthly recovery does not signal a change in the underlying trend.
$697,800
Benchmark price
-3.67%
Year over year
-4%
New listings vs avg
-25%
Sales change
4 Attached Homes
Above-average listings drive the largest inventory gain in the Vancouver market
The attached segment shows the largest relative inventory increase of any Vancouver segment, driven by above-average listing activity. New listings are 10% above the five year May average, while sales are down 10%. Inventory has increased 42%, lifting months of supply by 53%.
The benchmark price is $1,048,200, up 2.01% month over month but down 2.74% year over year. Above-average listing volumes continue to amplify the impact of softer demand despite the monthly price recovery, maintaining competitive conditions for sellers.
$1,048,200
Benchmark price
-2.74%
Year over year
+10%
New listings vs avg
-10%
Sales change
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View featured listing →Common Questions
Is Vancouver currently a buyer’s market or a seller’s market?
Vancouver is firmly in buyer’s market territory as of May 2026. Inventory is up 26%, months of supply has risen 47%, and the benchmark price is down 2.43% year over year. A monthly price recovery in May does not change the underlying condition — buyers across all three segments carry meaningful negotiating leverage.
What is the benchmark price in Vancouver right now?
The overall benchmark price in Vancouver is $1,100,700 as of May 2026, up 2.14% month over month but down 2.43% year over year. Detached homes benchmark at $1,856,800, condominiums at $697,800, and attached homes at $1,048,200.
Does the monthly price recovery mean Vancouver is turning around?
A single month’s gain should be read against the broader context. Inventory is up 26%, months of supply is up 47%, and all three segments remain negative year over year. Monthly price movements can reflect which properties happen to close in a given period, and a one-month bounce against elevated supply does not indicate a sustained trend reversal.
Which Vancouver property type is under the most pressure right now?
Detached homes carry the steepest annual price decline at 4.31% year over year, with sales down 17% and buyer resistance most acute at the $1,856,800 price point. Condominiums have the weakest demand with sales down 25%. Attached homes carry the largest inventory increase at 42%, driven by a listing surge that demand is not absorbing at the same pace.
Is now a good time to sell in Vancouver?
Conditions favour buyers right now, with prices declining year over year across all segments and supply at elevated levels. Sellers who need to move should price based on current comparable sales rather than prior peak values. Your free Bode Homeowner Dashboard tracks your property’s current value and local market conditions continuously so you can make a well-informed decision.