Vancouver House Market Report – July 2021

In July 2021, the Vancouver house real estate market is classified as a Buyer's Market with an absorption rate of 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.

223 house properties sold in Vancouver during July 2021 based on MLS® records. There were 3,738 active listings at the start of the month. A total of 308 new listings came to market during the month.

The average house sold price in Vancouver in July 2021 was $2,467,475. Sold prices ranged from $988,000 to $12,080,000. Data is sourced from MLS® board records.

In July 2021, house properties in Vancouver averaged 33 days on the market before selling. With an absorption rate of 6%, 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 July 2021 was $2,467,475, up 5.3% year-over-year compared to July 2020 ($2,342,765). Sales volume was up 10.4% compared to the same month last year. Data is sourced from MLS® sold records.