Vancouver Real Estate Market Update – May 2023

Buyer's Market Absorption rate: 3.4%
← April 2023 Next month →
942
Units Sold
▲ 12.4% vs prev month
$1,518,286
Avg Sold Price
▼ 6.7% vs prev month
26d
Avg Days on Market
Buyer's Market
Market Condition
27,856 active listings at start of month 1,727 new listings Absorption: 3.4% Highest: $16,630,000 Lowest: $289,999

How Does May 2023 Compare?

Period Units Sold Avg Price Avg DOM
May 2023 942 $1,518,286 26
April 2023 838
▲ 12.4%		 $1,627,022
▼ 6.7%		 28
May 2022 (YoY) 896
▲ 5.1%		 $1,369,933
▲ 10.8%		 —
More Vancouver market intel: New Listings This Week → Price Reductions → Sold Over Asking → All Updates →
Get New Listing Alerts for Vancouver

Enter your email and we'll notify you when new listings hit the Vancouver market.

No spam. Unsubscribe any time.

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.

★★★★★ 4.8 / 5  —  700+ Google Reviews Read Reviews →