Greater Vancouver REALTORS® Reports 2,150 Sales in May 2026, Down 3.5% Year-Over-Year; Benchmark Price $1,100,700, Down 6.2%

Greater Vancouver REALTORS — May 2026

Residential sales in Metro Vancouver totaled 2,150 in May 2026, marking a 3.5 per cent decrease from May 2025, according to Greater Vancouver REALTORS®. The MLS® Home Price Index composite benchmark price for all residential properties is $1,100,700, a 6.2 per cent decrease over May 2025. New listings for the month were 6,115, and active listings stood at 16,917.

Market Analysis

Greater Vancouver REALTORS® reports that residential sales in the region totaled 2,150 in May 2026, a 3.5 per cent decrease from the 2,228 sales recorded in May 2025. This follows 2,110 sales in April 2026. There were 6,115 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in May 2026, representing a 7.6 per cent decrease compared to the 6,620 properties listed in May 2025. The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 16,917, a one per cent decrease compared to 17,094 in May 2025, and up from 16,236 active listings in April 2026.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,100,700. This represents a 6.2 per cent decrease over May 2025 and a 0.2 per cent increase compared to $1,098,000 in April 2026. Andrew Lis, GVR chief economist and vice-president data analytics, stated, "Price trends across all housing types were flat month-over-month, as a healthy level of inventory easily absorbed the relatively muted level of overall demand in the market." Lis added, "Year-to-date, sales have come in just shy of our forecast to this point in the year. With demand tracking our forecast so closely, it's reasonable to expect a calm and orderly summer market, as no obvious near-term catalysts loom over the horizon to move the market significantly in either direction."

Property Type Analysis

Sales of detached homes in May 2026 reached 660, a 0.9 per cent increase from the 654 detached sales recorded in May 2025. The benchmark price for a detached home is $1,847,900, which represents a 6.9 per cent decrease from May 2025 and a 0.4 per cent increase compared to April 2026. Sales of attached/townhouse properties totaled 463, with a benchmark price of $1,048,200. Sales of apartment homes reached 1,009 in May 2026, a 7.2 per cent decrease compared to the 1,087 sales recorded in May 2025. The benchmark price for an apartment is $697,800. Andrew Lis noted, "While attached sales held relatively steady and detached sales edged up roughly one per cent in May, apartment sales were down about seven per cent year-over-year, which weighed down the overall sales total."