Vancouver Condo Market Report – June 2022

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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447
Units Sold
$888,779
Avg Sold Price
19d
Avg Days on Market
Buyer's Market
Market Condition
12,406 active at start of month 981 new listings Absorption rate: 3.6% Highest sold: $4,350,000 Lowest sold: $165,000

How Does June 2022 Compare?

Period Units Sold Avg Sold Price Avg DOM
June 2022 (this report) 447 $888,779 19d
May 2022 month prior 606 -26.2% $928,269 -4.3% 16d +18.8%
June 2021 year ago 616 -27.4% $830,340 +7%

3-Year Price Trend — Vancouver Condo

The Vancouver condo real estate market was a Buyer's Market in June 2022, with 12,406 active listings at the start of the month, 447 properties sold, an average sold price of $888,779, properties averaging 19 days on market, an absorption rate of 3.6%. 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 June 2022

In June 2022, the Vancouver condo real estate market is classified as a Buyer's Market with an absorption rate of 3.6%. 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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