Jot Home

I get asked all the time "What is the market like in Victoria". I really do not know how to answer that. The number of listings currently on the market are down since the beginning of the year. There was just over 3800 active listings then and about 3400 now. The sales have been strong, there has been no change in interest rates - I would say we have a very stable market place. With inventory down, sales strong and no change in interest rates I wouldn't be surprised to see a slight rise in price. However October, November, December and January are historically slow months as far as sales are concerned. I don't expect to see that rise in price until the spring.