{"id":25963,"date":"2025-06-18T10:10:05","date_gmt":"2025-06-18T17:10:05","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=25963"},"modified":"2025-06-12T09:57:02","modified_gmt":"2025-06-12T16:57:02","slug":"bcrea-reports-declining-sales-activity-through-the-first-5-months-of-2025","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2025\/06\/bcrea-reports-declining-sales-activity-through-the-first-5-months-of-2025\/","title":{"rendered":"BCREA Reports Declining Sales Activity Through The First 5 Months of 2025"},"content":{"rendered":"<p style=\"text-align: justify;\">Vancouver, BC \u2013 June 12, 2025. The British Columbia Real Estate Association (BCREA) reports that 6,945 residential unit sales were recorded in Multiple Listing Service\u00ae (MLS\u00ae) Systems in May 2025, down 13.5% from May 2024. The average MLS\u00ae residential price in BC in May 2025 was down 4.2% at $959,058 compared to $1,001,341 in May 2024.<\/p>\n<p style=\"text-align: justify;\">The total sales dollar volume was $6.7 billion, a 17.1% decrease from the same time the previous year. BC MLS\u00ae unit sales were 26% lower than the ten-year May average.<\/p>\n<p>\u201cAll regions of BC have seen declining home sales activity through the first five months of the year with more expensive markets slowing the most,\u201d said BCREA Chief Economist Brendon Ogmundson. \u201cGiven that uncertainty is the main driver of the slowdown, we should see activity begin to recover as that uncertainty hopefully fades over the second half of the year.\u201d<\/p>\n<p>Year-to-date, BC residential sales dollar volume is down 12.8% to $27.4 billion, compared with the same period in 2024. Residential unit sales are down 9% year-over-year at 28,692 units, while the average MLS\u00ae residential price is also down 4.2% to $954,312.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.bcrea.bc.ca\/wp-content\/uploads\/2025-05.pdf\" target=\"_blank\" rel=\"noopener\">Click here<\/a> for the complete news release, including detailed statistics.<\/p>\n<p><a href=\"https:\/\/www.bcrea.bc.ca\/economics\/uncertainty-continues-to-hold-back-sales-activity-in-bc\/\" target=\"_blank\" rel=\"noopener\">Uncertainty Continues to Hold Back Sales Activity in BC<\/a> by Brendon Ogmundson | Chief Economist | BCREA<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vancouver, BC \u2013 June 12, 2025. The British Columbia Real Estate Association (BCREA) reports that 6,945 residential unit sales were recorded in Multiple Listing Service\u00ae (MLS\u00ae) Systems in May 2025, &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2025\/06\/bcrea-reports-declining-sales-activity-through-the-first-5-months-of-2025\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,13],"tags":[],"class_list":["post-25963","post","type-post","status-publish","format-standard","hentry","category-market-updates","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BCREA Reports Declining Sales Activity Through The First 5 Months of 2025 &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2025\/06\/bcrea-reports-declining-sales-activity-through-the-first-5-months-of-2025\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"BCREA Reports Declining Sales Activity Through The First 5 Months of 2025 &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Vancouver, BC \u2013 June 12, 2025. 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