Strutting into 2025: Where Homes Have Confidence, Buyers Have Curiosity, and Sellers... Are Still Waking Up!

If January's any indication, home sellers in Metro Vancouver aren't taking it slow this year. In fact, they're all about making a grand entrance, with new MLS® listings soaring by 46% from the same time last year! The Greater Vancouver REALTORS® (GVR) reports a nice little uptick in residential sales too—1,552 homes sold in January 2025, an 8.8% rise compared to January 2024. That's still 11.3% shy of the 10-year seasonal average, but hey, no one's complaining.

Andrew Lis, GVR's director of economics and data analytics, couldn’t help but notice a shift. "The momentum has flipped: the buyers had their fun at the end of 2024, but now sellers are strutting into the market like it’s the first day of spring," Lis said with a smile. "New listings are on the rise, but sales are still holding steady, meaning there’s still some buyer hunger left out there."

The Numbers Don’t Lie (But They Sure Do Dance)
In January 2025, Metro Vancouver saw 5,566 new listings hit the MLS® system—a whopping 46.9% jump from last January's 3,788. In fact, that number is 31.1% higher than the 10-year seasonal average. While some are still wading through the aftermath of last year, others are diving headfirst into 2025.

The number of properties currently listed is 11,494, a 33.1% increase over the previous year. With this increase, it's clear that sellers are keen to show off their properties in the new year. The sales-to-active listings ratio for January 2025 sits at 14.1%, which is about as balanced as a tightrope walker on a good day.

Price Trend Predictions (Spoiler: It’s Not All Sunshine)
The composite benchmark price across all residential properties in Greater Vancouver is sitting pretty at $1,173,000—a 0.5% increase compared to January 2024. It's also 0.1% higher than December 2024, so if you were expecting big fireworks, don't hold your breath. Detached homes are still outshining the competition with a benchmark price of $2,005,400, while apartments and attached homes are holding their own with minor price dips here and there.

Looking ahead, experts predict a modest price increase by the end of 2025—unless, of course, international tariffs throw a wrench in the works. No one’s sure yet, but it’s a situation to watch. "The economy is like that one guest who might show up at the party and mess things up, or it might just bring pizza," Lis added.

Ready to make your move? Let’s chat about what’s hot in the market this year!