Richmond Real Estate Market Update – July 2024

Buyer's Market Absorption rate: 1.9%
← June 2024 Next month →
229
Units Sold
▼ 14.2% vs prev month
$1,193,672
Avg Sold Price
▼ 1.3% vs prev month
28d
Avg Days on Market
Buyer's Market
Market Condition
12,284 active listings at start of month 646 new listings Absorption: 1.9% Highest: $4,608,000 Lowest: $230,000

How Does July 2024 Compare?

Period Units Sold Avg Price Avg DOM
July 2024 229 $1,193,672 28
June 2024 267
▼ 14.2%		 $1,209,999
▼ 1.3%		 32
July 2023 (YoY) 299
▼ 23.4%		 $1,203,564
▼ 0.8%		 —
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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