Richmond Real Estate Market Update – August 2024

Buyer's Market Absorption rate: 1.5%
← July 2024 Next month →
196
Units Sold
▼ 14.4% vs prev month
$1,145,546
Avg Sold Price
▼ 4% vs prev month
31d
Avg Days on Market
Buyer's Market
Market Condition
12,701 active listings at start of month 509 new listings Absorption: 1.5% Highest: $3,280,000 Lowest: $213,100

How Does August 2024 Compare?

Period Units Sold Avg Price Avg DOM
August 2024 196 $1,145,546 31
July 2024 229
▼ 14.4%
$1,193,672
▼ 4%
28
August 2023 (YoY) 300
▼ 34.7%
$1,140,414
▲ 0.5%
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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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