Burnaby Real Estate Market Update – August 2023

Buyer's Market Absorption rate: 3.1%
← July 2023 Next month →
275
Units Sold
▼ 12.4% vs prev month
$1,067,392
Avg Sold Price
▲ 0.7% vs prev month
24d
Avg Days on Market
Buyer's Market
Market Condition
8,847 active listings at start of month 487 new listings Absorption: 3.1% Highest: $5,000,000 Lowest: $412,500

How Does August 2023 Compare?

Period Units Sold Avg Price Avg DOM
August 2023 275 $1,067,392 24
July 2023 314
▼ 12.4%		 $1,060,391
▲ 0.7%		 22
August 2022 (YoY) 257
▲ 7%		 $1,000,795
▲ 6.7%		 —
More Burnaby market intel: New Listings This Week → Price Reductions → Sold Over Asking → All Updates →
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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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