The Greater Victoria real estate market has been on fire for the past four months. In fact, all time records for sales have been set for the month of July, the month of August, the month of September, and now the month of October as well. The chart below shows how robust sales have been compared to past years. In fact, sales in October were up a whopping 60% compared to the same month in 2019!
Some of this activity can be attributed to pent up demand from a very slow, COVID-related spring market. However, even with the dramatic drop off in sales in April and May 2020, the year-to-date sales are ahead of last year by almost 13%.