Burnaby South Real Estate Market Update – June 2025

Inventory Soars, Sales Slow, and Prices Edge Lower

The June 2025 market in Burnaby South is showing clear signs of a shift toward buyers, with substantial inventory gains, declining sales, and notable price reductions across all property types. Longer selling times reinforce the growing need for strategic pricing from sellers.

Key Market Stats for June 2025

Detached Homes

  • Total Active Listings: 230 (+62.0% YoY)
  • Sales: 18 (-40.0% YoY)
  • Days on Market Average: 37 (+117.6% YoY)
  • MLS® HPI Benchmark Price: $2,163,100 (-4.5% YoY)

Condos

  • Total Active Listings: 493 (+3.1% YoY)
  • Sales: 79 (-8.1% YoY)
  • Days on Market Average: 40 (+122.2% YoY)
  • MLS® HPI Benchmark Price: $811,100 (-3.8% YoY)

Townhomes

  • Total Active Listings: 73 (+15.9% YoY)
  • Sales: 8 (-38.5% YoY)
  • Days on Market Average: 21 (-34.4% YoY)
  • MLS® HPI Benchmark Price: $1,075,700 (-2.3% YoY)

Market Trends & Expert Insights

  • Detached Homes: Sharp Sales Drop, Longer Timelines
    Detached listings surged 62% YoY, but sales fell 40% YoY. Days on market more than doubled to 37 days, while prices slipped 4.5%, signaling a deepening buyer’s market.
  • Condos: Slower Sales, Soaring Days on Market
    Condo inventory grew slightly, but sales declined 8.1% YoY. Days on market more than doubled (40 days), and prices eased 3.8% YoY, suggesting buyer hesitation despite supply growth.
  • Townhomes: Weak Sales Despite Manageable Inventory
    Townhome inventory rose 15.9%, but sales dropped nearly 39% YoY. Prices dipped 2.3%, even as selling time shortened compared to last year, indicating selective demand in this segment.
  • Sales-to-Active Ratio Snapshot:
    • Detached: 7.8% → Buyer’s Market
    • Condos: 16.0% → Balanced Market (weakening)
    • Townhomes: 11.0% → Buyer’s Market

What This Means for Buyers & Sellers

For Buyers:

  • Detached and townhome buyers have strong negotiating power thanks to high inventory and longer listing periods.
  • Condo buyers benefit from softer pricing and extended timelines—ideal for making conditional offers.

For Sellers:

  • Competitive pricing and standout marketing are critical in a slowing, inventory-heavy market.
  • Expect longer timelines unless homes are priced aggressively from the start.

Final Thoughts

Burnaby South’s June market is leaning toward buyers across all property types, with surging inventory, extended days on market, and continued price adjustments. Sellers should adapt quickly to shifting conditions, while buyers have a window to negotiate favorable deals.

Download the Full Market Report

👉 Need a neighborhood-specific market breakdown for Burnaby South? Contact us for a custom report.