Pitt Meadows Townhouse Market Report – May 2021

In May 2021, the Pitt Meadows townhouse real estate market is classified as a Strong Seller's Market with an absorption rate of 40.5%. It is currently a strong seller's market in Pitt Meadows, meaning high demand and low supply. Buyers face competition and should be prepared to act quickly. Always consult a licensed REALTOR® to assess your specific situation.

15 townhouse properties sold in Pitt Meadows during May 2021 based on MLS® records. There were 37 active listings at the start of the month. A total of 13 new listings came to market during the month.

The average townhouse sold price in Pitt Meadows in May 2021 was $771,967. Sold prices ranged from $572,000 to $1,225,000. Data is sourced from MLS® board records.

In May 2021, townhouse properties in Pitt Meadows averaged 9 days on the market before selling. With an absorption rate of 40.5%, the market is currently a Strong Seller's Market. A lower average days-on-market indicates stronger demand.

The average townhouse sold price in Pitt Meadows in May 2021 was $771,967, up 37.3% year-over-year compared to May 2020 ($562,300). Sales volume was up 400% compared to the same month last year. Data is sourced from MLS® sold records.