Richmond Real Estate Market Update – December 2023

Buyer's Market Absorption rate: 1.5%
← November 2023 Next month →
161
Units Sold
▼ 6.4% vs prev month
$1,117,422
Avg Sold Price
▼ 5.2% vs prev month
42d
Avg Days on Market
Buyer's Market
Market Condition
10,518 active listings at start of month 154 new listings Absorption: 1.5% Highest: $4,280,000 Lowest: $110,000

How Does December 2023 Compare?

Period Units Sold Avg Price Avg DOM
December 2023 161 $1,117,422 42
November 2023 172
▼ 6.4%		 $1,179,089
▼ 5.2%		 33
December 2022 (YoY) 150
▲ 7.3%		 $1,037,029
▲ 7.8%		 —
More Richmond 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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