Greater Victoria home sales are continuing at a heated pace even as the signs of winter begin to appear across the region.

A total of 551 properties were sold in the Victoria Real Estate Board region this November, 39.8 per cent more than the 394 properties sold in November 2023 and a 15.7 per cent decrease from October 2024. Sales of condominiums were up 55 per cent from November 2023 with 186 units sold. Sales of single-family homes increased by 36.3 per cent from November 2023 with 263 sold.

B次元官网网址淚B次元官网网址檝e found that buyers and sellers are feeling optimistic right now,B次元官网网址� said Victoria Real Estate Board chair Laurie Lidstone in a release. B次元官网网址淲ith the steady decrease weB次元官网网址檝e seen in interest rates and the continued balance in the market, consumers are feeling more comfortable and empowered to make the big decisions around home ownership knowing that they have a fairly stable real estate environment to navigate.B次元官网网址�

There were 2,836 active listings for sale on the Victoria Real Estate Board Multiple Listing Service at the end of November 2024, a decrease of 10.3 per cent compared to the previous month of October and a 7.3 per cent increase from the 2,644 active listings for sale at the end of November 2023.

B次元官网网址淭hough we did see inventory tick below 3,000 listings, we are still in much better shape than in recent years in terms of availability of supply,B次元官网网址� said Lidstone. B次元官网网址淪easonality comes into play this time of year, and the closer we get to the new year, the more folks temporarily move their focus from house shopping to the holidays. That said, itB次元官网网址檚 likely the momentum we saw building in November will carry on in December to some extent. If youB次元官网网址檙e considering a new home for the holidays, connect with your favourite local realtor to create your plan.B次元官网网址�

The Multiple Listing Service Home Price Index benchmark value for a single-family home in the Victoria Core in November 2023 was $1,290,100. The benchmark value for the same home in November 2024 increased by one per cent to $1,302,900, up from OctoberB次元官网网址檚 value of $1,300,200. The MLS HPI benchmark value for a condominium in the Victoria Core area in November 2023 was $571,300 while the benchmark value for the same condominium in November 2024 decreased by 4.7 per cent to $544,400, down from the October value of $547,800.