Vancouver House Market Report – February 2022

In February 2022, the Vancouver house real estate market is classified as a Buyer's Market with an absorption rate of 5.2%. 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.

235 house properties sold in Vancouver during February 2022 based on MLS® records. There were 4,484 active listings at the start of the month. A total of 431 new listings came to market during the month.

The average house sold price in Vancouver in February 2022 was $2,950,423. Sold prices ranged from $850,000 to $10,300,000. Data is sourced from MLS® board records.

In February 2022, house properties in Vancouver averaged 20 days on the market before selling. With an absorption rate of 5.2%, the market is currently a Buyer's Market. A lower average days-on-market indicates stronger demand.

The average house sold price in Vancouver in February 2022 was $2,950,423, up 14.5% year-over-year compared to February 2021 ($2,577,174). Sales volume was down 5.6% compared to the same month last year. Data is sourced from MLS® sold records.