Inventory pressures continue to constrain Victoria real estate market

October 2021 VREB Victoria Market Report

A total of 745 properties sold in the Victoria Real Estate Board region this October, 24.7 per cent fewer than the 990 properties sold in October 2020 and 2.1 per cent fewer than the previous month of September. Condominium sales were down 18.1 per cent from October 2020 with 249 units sold. 18.6 per cent fewer condominiums sold in October 2021 than in the previous month of September. Sales of single family homes were down 30.4 per cent from October 2020 with 339 sold. 2.4 per cent more single family homes sold in October 2021 than in the previous month of September

Welcome!

A greater commitment to development required to balance local housing market

September 2021 VREB Victoria Market Report

A total of 761 properties sold in the Victoria Real Estate Board region this September, 23.1% fewer than the 989 properties sold in September 2020 and 8.4% fewer than the previous month of August. Condominium sales were up 9.3% from September 2020 with 306 units sold. 11.3% fewer condominiums sold in September 2021 than in the previous month of August. Sales of single family homes were down 38.6% from September 2020 with 331 sold. 7.3% fewer single family homes sold in September 2021 than in the previous month of August.

Welcome!
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.