Richmond Condo Market Reports Archive

Q: Is Richmond a buyer's or seller's market?

As of May 2026, Richmond is a buyer's market — there is more supply than demand, giving buyers more choice and negotiating room. The absorption rate is 0.7%.

Q: What types of homes sell in Richmond?

Condos are the property type tracked in this archive for Richmond. Use the type tabs above the archive to filter reports by condos, houses, or townhouses and compare price trends for each property type.

Q: How long do homes take to sell in Richmond?

In May 2026, condo properties in Richmond averaged 44 days on the market before selling. Click any month in the archive above for the full breakdown.

Q: What is the sales-to-active (absorption) rate in Richmond?

The absorption rate in Richmond was 0.7% in May 2026, with 69 properties sold. An absorption rate above 20% typically indicates a seller's market; below 12% suggests a buyer's market.

Richmond Condo Market Reports

Monthly condo market data for Richmond — going back to April 2020. Click any month for the full report.

Buyer's Market Latest month (May 2026): 69 sold $686,878 avg price 44d avg DOM

Richmond is an active condo market in British Columbia's Lower Mainland. Browse monthly reports below to track sold prices, days on market, and market conditions for Richmond based on MLS® data.

Frequently Asked Questions — Richmond Real Estate

What is the average home price in Richmond? −

Based on the most recent data (May 2026), the average condo sold price in Richmond was $686,878. Use the monthly archive above to track how prices have changed over time.

Is Richmond a buyer's or seller's market? +

What types of homes sell in Richmond? +

How long do homes take to sell in Richmond? +

What is the sales-to-active (absorption) rate in Richmond? +