Vancouver Real Estate Market Update: Why 2025 is the Year to Make Your Move

As we step into 2025, Vancouver's real estate market is showing clear signs of renewed energy and opportunity. After a period of rising interest rates and cautious buyers, December 2024 closed with a remarkable 31% increase in home sales compared to the previous year—a strong indicator of growing buyer confidence.

📈 Key Takeaways from the 2024 Market:

• Sales Momentum: Residential sales rose to 26,561, a modest 1.2% increase over 2023, signaling a market finding its rhythm.
• Inventory on the Rise: Listings increased by 18.7%, providing buyers with more choices and sellers with greater exposure.
• Stable Prices: The benchmark price for all residential properties sits at $1,171,500, showing minimal fluctuation—great news for both buyers and sellers seeking stability.

🏡 Why Act Now?

• Buyers: Mortgage rates are showing signs of easing, giving buyers better purchasing power. With inventory levels higher than in recent years, now is the time to secure your dream property before competition heats up.
• Sellers: Increased buyer activity means stronger offers and faster sales. With market momentum building, this could be the ideal time to list your home.

🚀 2025 Outlook: A Market on the Rise

Experts predict continued market strength as we head further into 2025, with sales numbers expected to approach historical averages. Whether you're a buyer or a seller, this year holds tremendous potential.

👉 Don’t wait on the sidelines—let’s talk strategy now. Whether you're looking to buy, sell, or simply explore your options, I'm here to guide you every step of the way.

Make 2025 Your Year in Real Estate with Taylor Ross!