Greater Vancouver REALTORS Market Report - April 2026: Sales Dip Slightly Amid Diverging Trends

Greater Vancouver REALTORS — April 2026

In April 2026, Greater Vancouver REALTORS® report 2,110 residential sales, reflecting a 2.5% decrease from 2,163 sales in April 2025. The composite benchmark price for all residential properties is $1,098,000, marking a 6.9% decline year-over-year.

Market Analysis

The residential real estate market in Greater Vancouver shows signs of stability despite a slight year-over-year decline in sales. With 2,110 sales recorded in April, the market remains 22.9% below the 10-year seasonal average of 2,735. The sales-to-active listings ratio stands at 13.5%, indicating a buyer's market, with a months of inventory at 7.7. This suggests that while demand is present, it is not sufficient to drive prices upward significantly, as inventory levels remain high with 16,236 active listings.

Property Type Analysis

A closer look at property types reveals a divergence in sales trends. Detached homes have seen a year-over-year increase in sales, totaling 659, while multi-family properties, including attached and apartment units, have experienced declines. The benchmark price for detached homes is $1,840,700, while attached homes are at $1,043,400 and apartments at $703,000. This trend indicates that buyers may be gravitating towards the detached segment, possibly due to changing preferences or perceived value.

Regional Highlights

Regionally, the Greater Vancouver area continues to reflect a broad-based trend where the detached segment shows resilience compared to the multi-family market. New listings totaled 6,684 in April, a 2.4% decrease from the previous year, yet still 15.5% above the 10-year seasonal average. This sustained inventory level suggests that while demand exists, it is balanced by a significant supply, keeping price fluctuations minimal across the board.

For Buyers

For buyers, this period presents an opportunity to negotiate favorable terms, especially in the multi-family segment where sales have declined. With a variety of properties available and a buyer's market prevailing, prospective homeowners should consider their options carefully and be prepared to act when they find a property that meets their needs.

For Sellers

Sellers are advised to remain realistic about pricing, particularly in the multi-family market, where demand is softer. With inventory levels high, presenting properties in their best light and pricing them competitively will be crucial to attracting buyers. Monitoring market trends closely will also help sellers time their listings effectively.