OVERVIEW OF THE REAL ESTATE MARKET IN MARCH 2023
Home prices across Metro Vancouver's housing market showed modest increase in March, while new listings remained below long-term historical averages. March data also indicates home sales are making a stronger than expected spring showing so far.
Current average price across all residential properties in Metro Vancouver is currently $1,143,900, this represents 9.5% decrease from March 2022 and 1.8% increase compared to February 2023.
There were 4,137 newly listed residential properties on Multiple Listing Service (MLS) in Metro Vancouver. This data represents 35.5% decrease from March 2022, and 24.5% increase from February 2023.
There were 2,535 residential sales in March. Data shows its a 42.5% decrease compared to March 2022, and 40.2% increase from February 2023.
Here's a summary of the March 2023 housing market statistics:
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
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