Real Estate

Nanaimo Real Estate Market Report: January 2024 | NanaimoNewsNOW

Nanaimo Real Estate Market Report: January 2024 | NanaimoNewsNOW

By Caitlin Lundgren

NREMR: January 2024

Feb 21, 2024 | 9:43 AM

NANAIMO – Optimistic start to 2024 with a normal January.

In January, 40 single-family homes sold in Nanaimo, an 11 per cent decrease from December and a 9 per cent decrease from the previous year. Active listings of single-family homes on the Mid-Island were 807 in January, down 6 per cent from the previous year.

The average price for a single-family home in Nanaimo was $806,785 in January, down 9 per cent from the previous month but up 4 per cent from January 2023.

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

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