February 2023 monthly stats

Good news for homebuyers! 

The winter real estate market ended with more stable pricing and improved consumer confidence.

In February, 460 properties were sold in Victoria, a 35.9% decrease from last year but a 65.5% increase from January. Although sales of condos and single-family homes were down compared to last year, there’s still plenty of demand from buyers and inventory levels are increasing. The market is showing positive growth as we head into the traditionally busy springtime for home sales. So, if you’re looking to buy or sell, now could be a great time to do so!