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  • Writer's pictureMegan Jayne

May 2022 Stats and Market Update

A total of 761 properties sold in the Victoria Real Estate Board region this May. A 7.6 per cent decrease from April 2022.

"The real estate market in Greater Victoria is returning to a steadier pace following the strange two years we experienced over the course of the pandemic,” said 2022 Victoria Real Estate Board President Karen Dinnie-Smyth. “While inventory is still below historical levels for a spring market, it is now within our pre-pandemic five-year average, which is good news for buyers."

There were 1,776 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of May 2022, an increase of 30.1% compared to the previous month of April.

Good news buyer!! INVENTORY!! Except now you've got increased interest rates as well... the battle continues.

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