By
NREMR: April 2022
May 9, 2022 | 8:59 AM
NANAIMO – Increased inventory optimistic news for buyers.
In April, 507 single-family homes sold. A 13 per cent decrease from one year ago and 1 per cent decrease from March.
Inventory on Vancouver Island is climbing, but housing supply is still below the level necessary to satisfy current demand.
Nanaimo single-family homes continue to reach historic highs with an average sale price of $933,954 in April, a 3 per cent decrease from the previous month, but 26 per cent higher than the previous year.
