![\"\"](\"https:\/\/iqiglobal-web-revamp.s3.ap-southeast-1.amazonaws.com\/wp\/blog\/wp-content\/uploads\/2025\/01\/Screenshot-2025-01-14-145406-1.png\")
<\/figure>\n\n\n\nVancouver<\/p>\n\n\n\n
In November 2024, Metro Vancouver’s real estate market experienced a 28% year-over-year increase in home sales, continuing the strong demand observed in October. A total of 2,181 residential sales were recorded, though this figure remained 12.8% below the 10-year seasonal average. New listings rose 10.6% year-over-year to 3,725, slightly exceeding the seasonal average, while active listings reached 13,245, reflecting a 21.2% annual increase.<\/p>\n\n\n\n
The sales-to-active listings ratio stood at 17.1%, with detached homes at 12.7%, attached homes at 23.1%, and apartments at 18.7%. This balance kept prices stable; however, continued demand could exert upward pressure if listings fail to keep pace.<\/p>\n\n\n\n
Benchmark prices were $1,172,100 for all homes (-0.9% YoY, stable MoM), $1,997,400 for detached homes (+1% YoY), $752,800 for apartments (-1.2% YoY), and $1,117,600 for townhouses (+1.8% YoY). Townhouses demonstrated the strongest sales growth, rising 42.7% year-over-year. <\/p>\n\n\n\n Explore the latest market insights and discover what’s driving real estate trends in November 2024—read the article now!<\/p>\n\n\n\n Data extracted in January 2025<\/p>\n\n\n\n![\"\"](\"https:\/\/iqiglobal-web-revamp.s3.ap-southeast-1.amazonaws.com\/wp\/blog\/wp-content\/uploads\/2025\/01\/Screenshot-2025-01-14-145754.png\")
<\/figure>\n\n\n\n