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Home sales down but prices still rise



As quickly as summer jumped into fall, the local real estate market switched from a seller’s to a buyer’s market.
Vancouver Island Real Estate Board says weaker demand and increased inventory continues to shift the market…
Alberni house sales dropped more than half last month, to 14 from 29 sales in October of 2021, but the average sale price still increased, albeit slightly at just 1.2%
Vancouver Island Real Estate Board says inventory of single family homes has tripled throughout the region, and overall sales have slowed 37% from one year ago.
93.3 The PEAK 3296 Third Ave., Port Alberni BC V9Y4E1 (250)723.2455

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