Victoria Real Estate Market Update: October 2024

Victoria's real estate market saw a significant increase in sales in October 2024 compared to the previous year. However, the market remains balanced, with a steady number of active listings. While recent interest rate cuts have encouraged buyer activity, the market is expected to slow down in the coming months. Despite the increase in sales, home prices have remained relatively stable, with some slight decreases in benchmark values for single-family homes and condominiums in the Victoria Core.

As always make sure to leave your questions in the comments below.

The PRIME Real Estate Team
RE/MAX Island Properties
Victoria British Columbia Canada
www.PRIMETeam.ca
[email protected]
250-419-7439