Month end Victoria Real Estate Board stats:
New sales: 879
New listings: 1362
Total active listings: 3789
Full release on VREB.org later.
H/T to Tim Ayres for stats posted on Twitter
I'll add to this post once the full release is out. No surprises. Won't be seeing any price reductions this month or next. Inventory down slightly from last month.
UPDATE: Release is out. Here's the price data:
The average price for single family homes sold in Greater Victoria last month was $573,442, up from $550,736 in April. The median price also rose to $525,000. The six-month average was $550,756. The overall average price for condominiums was $306,971 last month, up from $292,252 in April. The average for the last six months was $292,766. The median price for condominiums rose in May to $279,500. The average price of all townhomes sold last month was $400,788, virtually unchanged from $400,695 in April. The median price dropped slightly to $375,000. The six month average was $397,224.