Richmond Real Estate Market Update – August 2023

Buyer's Market Absorption rate: 3.2%
← July 2023 Next month →
300
Units Sold
▲ 0.3% vs prev month
$1,140,414
Avg Sold Price
▼ 5.2% vs prev month
34d
Avg Days on Market
Buyer's Market
Market Condition
9,518 active listings at start of month 465 new listings Absorption: 3.2% Highest: $4,800,000 Lowest: $215,000

How Does August 2023 Compare?

Period Units Sold Avg Price Avg DOM
August 2023 300 $1,140,414 34
July 2023 299
▲ 0.3%		 $1,203,564
▼ 5.2%		 23
August 2022 (YoY) 232
▲ 29.3%		 $1,135,945
▲ 0.4%		 —
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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