Richmond Real Estate Market Update – May 2023

Buyer's Market Absorption rate: 4.3%
← April 2023 Next month →
372
Units Sold
▼ 4.1% vs prev month
$1,244,827
Avg Sold Price
▲ 0.2% vs prev month
28d
Avg Days on Market
Buyer's Market
Market Condition
8,710 active listings at start of month 638 new listings Absorption: 4.3% Highest: $4,200,000 Lowest: $238,000

How Does May 2023 Compare?

Period Units Sold Avg Price Avg DOM
May 2023 372 $1,244,827 28
April 2023 388
▼ 4.1%		 $1,241,942
▲ 0.2%		 37
May 2022 (YoY) 366
▲ 1.6%		 $1,115,557
▲ 11.6%		 —
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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