Absorption Rate Greater Victoria Area - (2020-2023 6.4
6 5.6 5.6
Months of Inventory
5.3
5
4.9
4.9
5.2
4.1
4
4.2
4.3 3.9
3.4
4.3 3.5
3.5
3.4
3.1
3
2.8
3.1 2.2 1.9
1.8
2 1
5.0
4.6
4.0
4.7
4.6
4.8
1.6
1.4
1.6
1.5
2.4
2.8
2.2
2.0
1.7 1.6
1.4
1.3
1.3
1.3
1.3
1.4
1.3
1.2 1.1
0 December
November
October
2023
September
2022
August
July
2021
June
May
April
March
February
January
2020
Monthly Sales Comparison Greater Victoria - (2020-2023) 1400
Number of Sales
1200
1000
800
600
400
200
Jan
Feb
2020
Mar
411
563
608
2021
646
863
1173
2022
474
718
833
2023
278
460
590
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
287
457
808
979
979
989
990
795
631
1116
1049
942
835
831
761
745
653
438
824
761
612
510
478
410
480
384
320
637
775
705
595
544
493
407
394
Victoria Absorption Rates by Price Range
November 2023 7
6.00 6
Months of Inventory
5
4
3
1.91 2
1.50 1.20 0.83
1
0.00
0.00
Under $600K
$600K to $800K
0 $800K to $1M
$1M to $1.5M
$1.5 to $2M
$2M to $3M
Over $3M
Oak Bay Absorption Rates by Price Range
November 2023 2
1.80 2
1.67
2
Months of Inventory
1
1
1.00 1
0.90
0.90
$800K to $1M
$1M to $1.5M
1
1
NO ACTIVE LISTINGS OR SALES
NO ACTIVE LISTINGS OR SALES
Under $600K
$600K to $800K
0
0
0 $1.5 to $2M
$2M to $3M
Over $3M
Colwood Absorption Rates by Price Range
November 2023 4
3.00 Months of Inventory
3
2.33
2.18
2
1
NO ACTIVE LISTINGS OR SALES
NO SALES IN PAST 3 MONTHS
0.00
0.00
0 Under $600K
$600K to $800K
$800K to $1M
$1M to $1.5M
$1.5 to $2M
$2M to $3M
Over $3M
Langford Absorption Rates by Price Range
Months of Inventory
November 2023 32 31 30 29 28 27 26 25 24 23 22 21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 0
30.00
21.00
NO ACTIVE LISTINGS OR SALES
Under $600K
NO SALES LAST 3 MONTHS
2.14
2.10
$600K to $800K
$800K to $1M
2.88 $1M to $1.5M
$1.5 to $2M
$2M to $3M
Over $3M
Saanich Peninsula Absorption Rates by Price Range
November 2023 5
4.00 Months of Inventory
4
3
2.00
1.93 2
1.50 1
NO ACTIVE LISTINGS OR SALES
0.88 0.50
0 Under $600K
$600K to $800K
$800K to $1M
$1M to $1.5M
$1.5 to $2M
$2M to $3M
Over $3M
Saanich East Absorption Rates by Price Range
November 2023 4
3.00 Months of Inventory
3
2.44 2.00 2
1
1.76
NO ACTIVE LISTINGS OR SALES
NO SALES LAST 3 MONTHS
0.50 0 Under $600K
$600K to $800K
$800K to $1M
$1M to $1.5M
$1.5 to $2M
$2M to $3M
Over $3M
Metchosin Absorption Rates by Price Range
November 2023 4
3.00
3.00
Months of Inventory
3
2
1
NO ACTIVE LISTINGS OR SALES
NO SALES LAST 3 MONTHS
NO ACTIVE LISTINGS OR SALES
0.00
0.00
0.00
$600K to $800K
$800K to $1M
$1M to $1.5M
NO SALES LAST 3 MONTHS
NO SALES LAST 3 MONTHS
$2M to $3M
Over $3M
0 Under $600K
$1.5 to $2M
Greater Victoria Area (Core, Westshore & Peninsula) Absorption Rates by Price Range
November 2023 3
3
2.44
2.33
Months of Inventory
2.13 2
1.42
2
1.24 1.03 1
1
0.43
0 Under $600K
$600K to $800K
$800K to $1M
$1M to $1.5M
$1.5 to $2M
$2M to $3M
Over $3M
Absorption Rates - Condos November 2023 4.00
3.50
3.00
Months of Inventory
3.00
2.50
2.16 2.00
1.80
1.50
1.33 1.17
1.00
1.13 0.80
0.89 0.73
0.75
0.50
0.25 0.00
Absorption Rates - Townhouses November 2023 2.50
2.08
Months of Inventory
2.00
1.50 1.50
1.40
1.00 1.00
0.91
0.83 0.67
0.67 0.50
0.50
0.33 NO ACTIVE LISTINGS
0.00 0.00
Absorption Rates - Single Family Detached November 2023 3.00
2.58
Months of Inventory
2.50
1.93
2.00
1.56
1.50 1.50
1.34 1.04
1.08
1.06
1.00
1.00
0.67 0.50 0.50
0.00
0.75
1.00
Absorption Rates - Manufactured Homes November 2023 6.00
5.00
Months of Inventory
5.00
4.00
3.00
2.00
1.00
0.60 0.00 0.00
0.67
Absorption Rates - Saanich Peninsula November 2023 5
5.00
4
3
2
1.56 1.08 1
1.13
0.75
0.75
0.83 0.50
n/a
0
n/a
SINGLE FAMILY
n/a
CONDOS
0.00
TOWNHOMES MANUFACTURED
North Saanich
Sidney
Central Saanich
Absorption Rates - Saanich Peninsula November 2023 2
1.56
1.08
1.13
1
0.75 0.83
0.75
0.50
0
n/a
n/a
SINGLE FAMILY CONDOS
TOWNHOMES
North Saanich
Sidney
Central Saanich
HISTORICAL ANNUAL VOLUME $10
$9
$8
$7
BILLIONS
$6
$5
$4
$3
$2
$1
$0
Active Listings / Number of Sales Greater Victoria - (last 24 months) 3000
2500
2000
1500
1000
500
0
Active Listings
Number of Sales