Vancouver Condo Market Report – February 2024

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

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419
Units Sold
$963,737
Avg Sold Price
32d
Avg Days on Market
Buyer's Market
Market Condition
20,653 active at start of month 892 new listings Absorption rate: 2% Highest sold: $5,250,000 Lowest sold: $232,550

How Does February 2024 Compare?

Period Units Sold Avg Sold Price Avg DOM
February 2024 (this report) 419 $963,737 32d
January 2024 month prior 329 +27.4% $945,527 +1.9% 42d -23.8%
February 2023 year ago 346 +21.1% $944,089 +2.1%

3-Year Price Trend — Vancouver Condo

The Vancouver condo real estate market was a Buyer's Market in February 2024, with 20,653 active listings at the start of the month, 419 properties sold, an average sold price of $963,737, properties averaging 32 days on market, an absorption rate of 2%. 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 Vancouver specialist
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Frequently Asked Questions — Vancouver February 2024

In February 2024, the Vancouver condo real estate market is classified as a Buyer's Market with an absorption rate of 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.

Last Update: 06/03/2026   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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