Vancouver House Market Report – February 2023

In February 2023, the Vancouver house 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.

152 house properties sold in Vancouver during February 2023 based on MLS® records. There were 6,884 active listings at the start of the month. A total of 264 new listings came to market during the month.

The average house sold price in Vancouver in February 2023 was $3,050,396. Sold prices ranged from $975,000 to $24,000,000. Data is sourced from MLS® board records.

In February 2023, house properties in Vancouver averaged 46 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 house sold price in Vancouver in February 2023 was $3,050,396, up 3.4% year-over-year compared to February 2022 ($2,950,423). Sales volume was down 35.3% compared to the same month last year. Data is sourced from MLS® sold records.