Burnaby House Market Report – July 2023

Burnaby is an active house market in British Columbia's Lower Mainland. The report below covers sold activity, pricing trends, and market conditions for Burnaby based on MLS® data.

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52
Units Sold
$2,115,999
Avg Sold Price
23d
Avg Days on Market
Buyer's Market
Market Condition
2,307 active at start of month 114 new listings Absorption rate: 2.3% Highest sold: $3,850,000 Lowest sold: $1,325,000

How Does July 2023 Compare?

Period Units Sold Avg Sold Price Avg DOM
July 2023 (this report) 52 $2,115,999 23d
June 2023 month prior 62 -16.1% $2,033,007 +4.1% 21d +9.5%
July 2022 year ago 46 +13% $2,155,424 -1.8%

3-Year Price Trend — Burnaby House

The Burnaby house real estate market was a Buyer's Market in July 2023, with 2,307 active listings at the start of the month, 52 properties sold, an average sold price of $2,115,999, properties averaging 23 days on market, an absorption rate of 2.3%. All data is sourced from MLS® sold records.
Hani Faraj – RE/MAX Crest Realty
Prepared by
Hani Faraj
RE/MAX Crest • 604-229-3342
Your Burnaby specialist
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Frequently Asked Questions — Burnaby House Market

Last Update: 06/04/2026   Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.

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