Richmond Real Estate Market Update – May 2022

Buyer's Market Absorption rate: 5.8%
← April 2022 Next month →
366
Units Sold
▼ 10.1% vs prev month
$1,115,557
Avg Sold Price
▼ 1.4% vs prev month
16d
Avg Days on Market
Buyer's Market
Market Condition
6,304 active listings at start of month 815 new listings Absorption: 5.8% Highest: $8,880,000 Lowest: $194,000

How Does May 2022 Compare?

Period Units Sold Avg Price Avg DOM
May 2022 366 $1,115,557 16
April 2022 407
▼ 10.1%
$1,131,030
▼ 1.4%
15
May 2021 (YoY) 531
▼ 31.1%
$1,071,006
▲ 4.2%
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Last Update: 06/04/2026   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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