Victoria is building more inventory and putting more homes up for sale this January. There were 2,057 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® by January 31st which is a 38 per cent increase from the same time last year.
Victoria has shifted from a seller's market into a balanced market.
A seller's market is indicated when there is a shortage of inventory for purchasers to choose from.
A balanced market means that there is enough supply from sellers to equal the demand from buyers.
A buyer’s market is indicated when there is a surplus in housing or more homes for sale than buyers.
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