Nanaimo Real Estate Market Report: December 2023 | NanaimoNewsNOW

Nanaimo Real Estate Market Report: December 2023 | NanaimoNewsNOW
Nanaimo Real Estate Market Report: December 2023 | NanaimoNewsNOW

By Caitlin Lundgren

NREMR: December 2023

Jan 15, 2024 | 9:57 AM

NANAIMO – Interest rates impacting housing market.

In December, 45 single-family homes sold in Nanaimo, a 27 per cent decrease from November and a 30 per cent decrease from the previous year. Active listings of single-family homes on the Mid-Island were 796 in December, down 11 per cent from the previous year.

The average price for a single-family home in Nanaimo was $892,811 in December, up 10 per cent from the previous month and 15 per cent from December 2022.

In a competitive market, it is key to obtain the advice of a REALTOR®, especially in a rapidly changing environment.