Single family home sales for June 2021 in the Vancouver Island Island Real Estate market (excluding the Greater Victoria area) hit 533 transactions, only 2 less sales than in May and 11.2% less than June the previous year. Condos also decreased with only 134 sales in the month, 10% down from the previous month. Lastly, townhomes decreased the most with an 18% drop from May and a 15% drop compared to June last year.
As sales cooled, inventory managed to creep up a little with 2% more single family homes on the market at the end of June compared to the end of May. Condos listings were up 16% in the same time comparison, townhomes were up 23%. While an increase in inventory is a great sign, we are still very undersupplied and there will need to be a
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