VICTORIA JANUARY MLS MARKET UPDATE
By Fred Carver Real Estate Consulant, Accredited Real Estate Consultant
(Retired BC Realtor)
VICTORIA JANUARY MLS MARKET UPDATE A slow start to the year may not foretell the future for the Victoria housing market A total of 278 properties sold in the Victoria Real Estate Board region this January, 41.4 percent fewer than the 474 properties sold in January 2022 and a 13.1 percent decrease from December 2022. Sales of condominiums were down 46.3 percent from January 2022 with 101 units sold. Sales of single family homes decreased 33 percent from January 2022 with 120 sold. “If you’re looking at the statistics, this January was one of the slowest we’ve seen on record,” says 2023 Victoria Real Estate Board Chair Graden Sol. “However, we did see a mid-month surge in activity as buyers seemed to regain confidence after the rapid interest rate increases of last year. It may be that c...
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