Victoria Realty Market Statistics May 2022

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Featured image for Victoria Real Estate Market statistics in 2022

Are you as hot as the average home prices in Victoria? Well grab something to hydrate with and take a look at the May 2022 monthly real-estate activity in Victoria compared to May 2021.

Victoria Real Estate Stats for Condos and Apartments in May 2022

The number of properties in all categories that sold declined in May 2022 compared to May 2021. Yet the average selling prices increased in May 2022 in comparison to May 2021.

Illustration showing Victoria Real Estate Statistics for Condos and Apartments in May 2022

Inventory levels have increased slightly taking some pressure off buyers, subject to conditions are being seen in most offers today compared to the majority last year being written with no conditions.

Victoria Real Estate Stats for Single Family Homes in May 2022

Despite the doom and gloom media reports the market is still in favor of sellers, with approximately two months of inventory on the market.

Illustration showing Victoria Real Estate Statistics for Single Family Homes in May 2022

Price reductions being seen are typically where a seller has overpriced the property and recognize that they need to get in line with the market, not because of a general decline in value.

Victoria Real Estate Stats for Row and Townhouse in May 2022

We hope this real estate information is helpful to both buyers and sellers seeking to get a better perspective of the monthly changes to the Real Estate market in Victoria BC.


Illustration showing Victoria Real Estate Statistics for Row and Townhouse listings in May 2022

Geoff McLean

Geoff is an established real estate professional whose years of experience have earned him numerous awards and accolades. He has been one of the top Re/Max Realtors in the Victoria (BC) area since 1990, a Victoria Real Estate Board MLS Gold Award winner for more than 36 years, and has won many other awards over the years. What do these awards mean to you? They mean that Geoff works hard and that he produces consistently. He is well connected in the industry and in the community. Connect with Geoff via email geoff@mcleanrealestategroup.ca

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