Reviewing June’s Greater Victoria Housing

The MLS® HPI benchmark value for a single-family home in the Victoria core area last month was $859,600, down by 4.3 per cent from $898,500 in June 2018. The MLS® HPI benchmark value for a condominium was $524,100 last month, which is an increase of 2.97 per cent from $509,000 in June 2018.

The number of year-to-year sales rose. A total of 740 properties sold in the Victoria Real Estate Board region this June, 4.5 per cent more than the 708 properties sold in June 2018.

There is more inventory on the market giving buyers more choice. Active listings have risen 17.1 per cent from June 2018. There were 3,040 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of June 2019.

Reference: https://www.vreb.org/current-statistics