May 2017 MLS Statistics

Here are the highlights of the current MLS statistics:

  • We are finally beginning to see an increase in inventory, which means more choice for buyers
  • The number of active listings have increased by 12.2% compared to April 2017, but there are 21.2% fewer listings than May 2016
  • Pressure on pricing is easing as more properties are introduced to the market
  • Benchmark value for a single family home in the Victoria core is $825,500 (up 16.8% from May 2016)

Read the Victoria Real Estate Board’s full article here.

  The Gorge, Victoria BC

The Gorge, Victoria BC