VICTORIA MARKET REPORT - Sept. 2023
Victoria real estate market needs better mix of housing supply to help restore balanceSeptember 1, 2023 A total of 544 properties sold in the Victoria Real Estate Board region this August, 13.8 per cent more than the 478 properties sold in August 2022 and an 8.6 per cent decrease from July 2023. Sales of condominiums were up 10.8 per cent from August 2022 with 164 units sold. Sales of single family homes increased 9.6 per cent from August 2022 with 273 sold.
"Real estate activity this month reflected what we'd expect to see in an average late summer housing market," said Victoria Real Estate Board Chair Graden Sol. "The beginning of the month was reasonably slow, and sales ramped up through the last half of the…
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