INFOGRAPHICS: July 2024 VREB Victoria Market Reports

Victoria housing market remains steady for buyers and sellers over summer

A total of 650 properties sold in the Victoria Real Estate Board region this July, 9.2 per cent more than the 595 properties sold in July 2023 and a 1.7 per cent decrease from June 2024. Sales of condominiums were up 6.5 per cent from July 2023 with 213 units sold. Sales of single family homes increased by 8.9 percent from July 2023 with 319 sold.

“The month of July delivered another steady month of sales and listings, as we’d expect for an average summer season in our market,” said 2024 Victoria Real Estate Board Chair Laurie Lidstone. “The sales in
July tracked very closely to June numbers, which may have surprised some who expected that summer vacations would take more buyers out of the market. We did see inventory shrink a little from the previous month. This is not unusual for this time of year, but it is a trend we’ll keep an eye on because inventory levels are crucial to keeping our market balanced.”

There were 3,348 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the
end of July 2024, a decrease of 3.2 per cent compared to the previous month of June and a 38.4 per cent
increase from the 2,419 active listings for sale at the end of July 2023.

Read the full report on VREB website!

The following data is a comparison between July 2024 and July 2023 numbers, and is current as of August 2024. Click here to check out last month’s figures!

You can also follow this link for all our Victoria Board monthly infographics!

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