In September 2024, Metro Vancouver home sales dropped 3.8% year-over-year, with 1,852 sales, 26% below the 10-year average. New listings rose 12.8%, pushing total inventory up 31.2%. The sales-to-active listings ratio at 12.8% indicates potential downward pressure on prices, which have shown slight declines across all property types. The benchmark price for all homes is $1,179,700, down 1.8% from last year. Despite rate cuts, demand remains subdued, but further reductions may boost activity later in 2024.