With home sales plummeting in January and fresh inventory on the market, it’s no wonder that homes in the region are taking longer than ever to sell.
New data from HouseSigma has found that there were just 1,470 homes sold in the region last month, which is down nearly 30% both month over month and on an annual basis. At the same time, optimistic home sellers took to listing their homes in the New Year rush, with new listings rocketing up more than 1.5 times that of the previous month.
These market conditions converged to push the average amount of time it takes to sell a Metro Vancouver home to the highest we’ve recorded. Property days on market (which includes if a home was delisted and quickly relisted) averaged 100 days in January, meaning that the average home listing in the region is taking that long to sell.
Prices didn’t adjust too much, however, with the median home sale price – all residential property types combined – slipping only 0.8% to $867,900.
“January was a reality check for the market. Buyers pulled back, sellers surged forward, and listings started to pile up, pushing selling times to record highs. But with prices barely flinching, this isn’t panic selling, it’s a standoff. Spring will tell us whether buyers step up or sellers start to budge. This is going to get interesting! I see a lot more people shopping, so maybe a breakthrough is coming.”
Jeremy Bator, a leading HouseSigma agent in the Lower Mainland
Check out the infographic below for more details on the January 2026 Metro Vancouver real estate market.
Find all your market trends data for Metro Vancouver here and keep up to date with our BC real estate blog here.