Greater Vancouver December 2025 Stats
Across Greater Vancouver, 2025 finished with the lowest annual home sales total in over two decades, despite seeing one of the highest volumes of listings since the mid-1990s. Sellers were active throughout the year, but buyer confidence & willingness to commit severely lagged.Trade tensions, geopolitical uncertainty, and affordability concerns combined to keep many purchasers on the sidelines — even as interest rates declined meaningfully over the course of the year.
The result was a market where choices increased, competition among buyers eased, and downward pricing pressure gradually worked its way across all segments.
Richmond December 2025 Stats
Richmond closely mirrored regional trends, with 2025 marking the lowest annual sales volume since at least 2005, based on a December year-end, down 56% from the 2021 year highs. Inventory remained elevated throughout much of the year, while sales struggled to gain sustained momentum.
By December, the MLS® Home Price Index (HPI) composite benchmark for all residential properties in Richmond sat at $1,079,700, down 5% year-over-year.
Price adjustments were broad-based:
This consistency across property types reinforces that 2025 was driven by macroeconomic conditions rather than localized supply or demand discrepancies in any one segment.
Sales & Inventory: Leverage Shifts to Buyers
While inventory levels eased from the peaks reached earlier in the year, Richmond ended 2025 firmly in buyer-market territory.
In December: The sales-to-active listings ratio sat at 11% overall
- Detached homes: 9.5%
- Townhomes: 11.3%
- Apartments: 11.4%
Historically, sustained periods below roughly 12% place downward pressure on prices — a dynamic that played out steadily through the year rather than abruptly.
Looking Ahead to 2026
Heading into 2026, inventory levels have eased from the highs we saw earlier in 2025, but supply remains above typical seasonal averages — and buyers continue to have leverage. This market downturn has now lasted 3 years, one of the longest in recent history. I strongly feel that we have finally bottomed out, and pent-up demand from this historically slow period will bring a resurgence in sales volume this spring.
With borrowing costs now meaningfully lower than they were a year ago and prices having adjusted across all property types, affordability has improved. As confidence gradually returns, these conditions could encourage increased buyer activity, particularly among those who have been waiting on the sidelines for greater certainty and peak opportunity.
As always, real estate decisions are personal and timing matters. If you’d like to discuss what these market conditions mean for your specific situation, feel free to reach out anytime. I’m always happy to help you navigate what’s next.
- Sean Lawson
