Burnaby Real Estate Market Update – May 2023

Buyer's Market Absorption rate: 5.6%
← April 2023 Next month →
456
Units Sold
▼ 0.2% vs prev month
$1,087,855
Avg Sold Price
▲ 1.6% vs prev month
21d
Avg Days on Market
Buyer's Market
Market Condition
8,114 active listings at start of month 663 new listings Absorption: 5.6% Highest: $3,350,000 Lowest: $417,000

How Does May 2023 Compare?

Period Units Sold Avg Price Avg DOM
May 2023 456 $1,087,855 21
April 2023 457
▼ 0.2%
$1,071,008
▲ 1.6%
20
May 2022 (YoY) 380
▲ 20%
$1,046,613
▲ 3.9%
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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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