victoria real estate
Inventory, not prices, is the real story.
Here is a portion of the inventory chart from the Victoria Real Estate Board site, which can be found by visiting here. As you can see, inventory is on a big upswing at the moment, with the trend clearly pointing to a growing divergence between sales and units available on the market.
The conditions of a few years ago, when scarce inventory was snapped up immediately, leading to the biggest jump in prices of the last few years, no longer exists.
As prices continue to rise, it seems that with more choice, buyers are still paying a premium, but now they can be choosy. And for all the other people listing their properties without success?
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