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Nanaimo Real Estate Market Report: April 2022 – Nanaimo News NOW


By Caitlin Lundgren

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.

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Harry Miller is a writer and editor based in Toronto with 14 years of experience in the journalism industry. Before joining Canada News Media as a National Online Journalist, Miller worked as a senior writer and a reporter-editor with the Canadian Press and as a breaking news reporter with the Toronto Star. At Canada News Media he covers national news and the trending stories Canadians are searching for. Miller holds two bachelor's degrees, one in journalism from Ryerson University and another in communications and film studies from Carleton University.

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