Richmond's real estate market remained favourable to buyers in September 2026, with home prices continuing below last year's levels. Sales increased compared with September 2025 across all three property categories. Detached home sales improved from August, while condo sales remained steady and townhouse sales declined.
Condos
Condo sales reached 110, slightly below August's 111 but 18.3% higher than September 2025. There were 922 active listings, while the benchmark price rose slightly to $635,600 from $633,300 in August, but remained 9.1% below last year. Average selling time decreased to 45 days from 52 days in August.Townhouses
Townhomes recorded 46 sales, down from 59 in August but 4.5% higher than September 2025. The benchmark price was $1,025,000, down 2.3% year over year but slightly higher than August's $1,022,200. There were 350 active listings, and average selling time increased to 55 days from 44 days in August.Detached Homes
Detached homes recorded 65 sales, up from 49 in August and 18.2% higher than September 2025. There were 636 active listings, while the benchmark price declined to $1,871,100, down 8.5% from a year ago and 2.8% from August. Average selling time increased to 64 days from 44 days in August.September Market at a Glance
The sales-to-active-listings ratios were 11.9% for condos, 13.1% for townhomes and 10.2% for detached homes. Townhomes continued to show the strongest balance between supply and demand, while detached homes remained the most buyer-friendly segment of Richmond's market.For Buyers, September continued to offer a good selection of properties and opportunities to negotiate, particularly in the detached home and condo markets.
For Sellers, competitive pricing remained essential as buyers continued to compare available properties carefully.
Overall, Richmond's real estate market showed encouraging signs of improved sales activity, but prices remained under pressure. Buyers continued to benefit from greater selection and negotiating power, while well-priced properties had better opportunities to attract serious buyers.