September Market Update
NANAIMO, BC – The Vancouver Island Real Estate Board (VIREB) reports that single-family home sales dipped in September, down to 511 from last year’s 527, a decrease of three per cent. Sales declined by five per cent from August, which saw 540 sales. However, VIREB attributes the slight decline in sales numbers to seasonal market conditions and inventory challenges. There were only 1,233 single-family homes for sale in September, a decrease of three per cent from 2016.