The Victoria real estate market remained sizzling hot through September and summer’s end and has continued into the start of fall with 704 sales in September 2015, up from 565 in September of 2014 and only 10 fewer than May 2015’s 714. There were 962 new listings for the month and the overall supply available dropped to a new low of just 3,478 listings, down 5.7% from last month and 18.2% from the same month last year. Overall we remain in an overall strong seller’s market with demand exceeding supply and less than a 5 month overall supply of listings.
While the natural result of this under supply is rising prices, which we have experienced in general, the changes are inconsistent through our marketplace The imbalance is strongly tipped in
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