Vancouver's home sales dropped nearly 10% in July compared to last year, reversing June's gains, with 2,061 sales recorded. Sales were 18.6% below the 10-year seasonal average. The benchmark price for residential properties fell 6.2% year-over-year to $1,088,800. New listings decreased 11.5%, while total inventory fell 4% but remained 26.8% above the long-term average.