The capital region real estate market’s slow start to 2019 appears to be a thing of the past, according to numbers released Monday by the Victoria Real Estate Board.
Last month, the number of sales and the number of listings both jumped significantly compared with last month and last year.
There were 848 sales last month in the region, up from 696 in April and the 755 recorded in May last year. There were 3,019 active listings at the end of May, a 9.7 per cent increase over April’s 2,751 and a 26.1 per cent increase over the 2,394 listings at the end of May 2018.
Cheryl Woolley, president of the board, said it’s hard to say what was behind the slow start or the improved May numbers.