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Monday Morning Update: Home prices rising slightly in Greater Victoria

Over the last 30 days, 304 single family houses were sold, down by 10 houses from last week.  The median price is up $13,050 to $580,750. The average house was on the market for 32 days. 
 
In the same time period, 185 condos were sold, down by 2 condos from last week.  The median price is up $11,000 to $295,000. The average condo was on the market for 34 days.
 
There are now 1,785 houses for sale, up by 54 from last week.  Condo inventory has risen by 3 to 942 suites.
 
Relatively stable inventory in Greater Victoria combined with increasing demand has pushed up single family house and condo pricing slightly in the last month. 
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.