Greater Vancouver REALTORS Market Report: May 2026 Shows Continued Buyer Conditions

Greater Vancouver REALTORS — May 2026

In May 2026, the Greater Vancouver real estate market recorded 2,150 residential sales, reflecting a 3.5% decrease from the previous year. The composite benchmark price for all properties stands at $1,100,700, marking a 6.2% decline year-over-year.

Market Analysis

The Greater Vancouver real estate market continues to exhibit buyer-favorable conditions, with a sales-to-active listings ratio of 13.1% across all property types. The total inventory of active listings has increased to 16,917, a 1% decrease from May 2025, yet remains significantly above the 10-year seasonal average of 12,567. With 7.9 months of inventory available, the market is characterized by a balanced supply that is absorbing the relatively muted demand, leading to flat price trends month-over-month.

Property Type Analysis

In terms of property types, detached homes saw a benchmark price of $1,847,900 with 660 sales, reflecting a slight increase of 0.9% in sales compared to May 2025. Conversely, the apartment segment experienced a decline in sales, with 1,009 units sold, a 7.2% decrease year-over-year, contributing to the overall downward pressure on the composite benchmark price.

Regional Highlights

Regional trends indicate varied performance across different areas, particularly in North and East Vancouver, where apartment sales have shown resilience compared to other regions. While overall sales are down, certain neighborhoods are witnessing localized increases, suggesting that buyer preferences may be shifting within the market.

For Buyers

For potential buyers, this period presents an opportunity to explore various property types, particularly in regions where sales are increasing. With ample inventory available, buyers are encouraged to conduct thorough research and consider their options carefully, as the current market conditions favor negotiation.

For Sellers

Sellers should remain mindful of the current market dynamics, particularly the increased inventory levels and buyer preferences. Pricing homes competitively and ensuring they are well-presented can help attract buyers in this environment, where demand is tempered and buyers have more choices.