Here are the highlights of the current MLS statistics:
- April numbers indicate a gradual shift toward balanced market conditions
- There are hints of a more traditional spring market as more homes were listed for sale compared to March
- Inventory remains low, so multiple offer situations are not unlikely in higher demand areas of the city
- Benchmark value for a single family home in the Victoria Core in $805,100 (up 17.6% from April 2016)
Read the Victoria Real Estate Board’s full article at vreb.org.