INFOGRAPHICS: February 2024 VREB Victoria Market Reports

More inventory means greater opportunity in Victoria real estate market

A total of 470 properties sold in the Victoria Real Estate Board region this February, 2.2 per cent more
than the 460 properties sold in February 2023 and a 37.8 per cent increase from January 2024. Sales
of condominiums were down 5.6 per cent from February 2023 with 152 units sold. Sales of single family
homes increased 1.8 per cent from February 2023 with 224 sold.

“We saw glimmers of a start to the spring market over the course of February,” said 2024 Victoria Real
Estate Board Chair Laurie Lidstone. “In addition to the increase in sales, more than five hundred new
listings came to market when compared to last year’s inventory numbers. This much needed inventory
gives buyers more selection and more time to make their purchasing decisions. We’ve also seen prices
continue to remain stable, which is excellent for buyers and sellers because it makes the transaction much
more predictable.”

There were 2,364 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the
end of February 2024, an increase of 10.5 per cent compared to the previous month of January and a 30.7
per cent increase from the 1,809 active listings for sale at the end of February 2023.

Read the full report on VREB website!

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

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

Click on the images for a larger view!