Real Estate Market May 2023

We aim to provide you with valuable insights to help you navigate the current real estate landscape.

VIREB Real Estate Board May 2023

Sales and Listings Statistics

 

Single-Family Homes in Nanaimo:  There were 488 sales in May 2023, representing an 8% increase compared to the previous year and a significant 25% increase from April 2023.

Cumulative Residential Average Single Family Detached Sale Price

Table: Sales and Listings Statistics

may 2023 Real Estate Market Stats

Sales Performance:

Single-Family Homes: There were 979 active listings in May, slightly higher than the previous year’s 976 listings.

 

Buyers and sellers are taking a more measured approach, resulting in smart pricing and measured offers.

Benchmark Prices (MLS® Home Price Index):

Single Homes Real Estate MarketCondo and Townhouse Stats - Real Estate Market May 2023

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