Port Moody Condo Market Report – December 2022

In December 2022, the Port Moody condo real estate market is classified as a Buyer's Market with an absorption rate of 2.2%. Conditions may favour buyers — there is relatively more supply than demand, giving buyers more choice and negotiating room. Always consult a licensed REALTOR® to assess your specific situation.

12 condo properties sold in Port Moody during December 2022 based on MLS® records. There were 537 active listings at the start of the month. A total of 29 new listings came to market during the month.

The average condo sold price in Port Moody in December 2022 was $717,298. Sold prices ranged from $250,000 to $1,257,500. Data is sourced from MLS® board records.

In December 2022, condo properties in Port Moody averaged 9 days on the market before selling. With an absorption rate of 2.2%, the market is currently a Buyer's Market. A lower average days-on-market indicates stronger demand.

The average condo sold price in Port Moody in December 2022 was $717,298, down 5.4% year-over-year compared to December 2021 ($758,578). Sales volume was down 47.8% compared to the same month last year. Data is sourced from MLS® sold records.