Victoria Real Estate Market Update - January 2022

Limited Inventory Continues to be Key in Victoria Real Estate Market


To put our inventory into context, last year broke the record for lowest inventory for the month of January. This January broke that record nearly in half and that lack of supply in the market really impacts what our end sales numbers are.


 This means we need to see supply added to all types of housing and we need to establish a sustainable source of supply into the upcoming years to meet growth. The reality of housing is that it takes years to add new numbers and until we are better able to meet demand, our market will be under pressure. With the constrained and fast paced market, it's an excellent time to use the services of an experienced real estate agent. David & Agustin can help you identify a strategy and process for selling or buying - or selling and buying - a new home.


If you are thinking about buying or selling a home, connect with David & Agustin for detailed information on the Victoria housing market.


We represent Buyers & Sellers, Seasoned Investors & New Home Buyers. Whatever your real estate goals, we can help make them reality.



Comments:
No comments

Post Your Comment:

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.