Victoria Real Estate Market Report
Overall: Market demand remained steady in July with 3.4 months of inventory compared to June. Sales volume was down 3.8% compared to last month but the supply ratio of listings vs. sales was steady. Sales were up 18% compared to July 2018. Average days on market for listings has crept up a little to 44 days (vs. 39) and sold listings also took a little longer with 29 days on market (vs. 27). This overall market snapshot does not truly reflect our market conditions: we are continuing to see an increase in demand and lack of supply of condos and a steady demand of detached homes under $1M. Demand for luxury condos and homes continues to falter and inventory is growing.
Single Family homes for sale
Detached: Sales volume…