MONTHLY STATISTICS UPDATE FOR JUNE 2025
Posted by Team Biberger on
JUNE 2025 MARKET UPDATE
NANAIMO, BC – The Vancouver Island Real Estate Board (VIREB) recorded 858 unit sales (all property types) in June 2025, up 18 per cent from one year ago. Year-over-year active listings (all property types) were 4,542, up one per cent from the previous year.
In the single-family category (excluding acreage and waterfront), 474 homes sold in June, up 34 per cent from one year ago and an increase of 16 per cent from May. Sales of condo apartments last month came in at 77, a decrease of six per cent year over year and up four per cent from May. In the row/townhouse category, 93 units changed hands in June, up two per cent from one year ago and an increase of eight per cent from May.
Active listings of single-family homes were 1,527 last month compared to 1,566 in June 2024. VIREB’s inventory of condo apartments was 394 in June, down from the 440 listings posted one year ago. There were 365 row/townhouses for sale last month compared to 364 in June 2024.
VIREB Chair Olivier Naud notes that VIREB’s housing market remains balanced, with approximately six months of inventory, an optimal situation for buyers and sellers.
“The continued economic uncertainty caused by the Trump administration’s tariff threats makes it difficult to forecast any long-term trends in the housing market,” says Naud. “However, despite some oddities and anomalies in local markets that are seeing some collaped sales, the Vancouver Island housing market is proving to be remarkably resilient. It continues to buck the trend of declining home sales experienced on the Lower Mainland.”
Regardless of market conditions, connecting with a local REALTOR® can help smooth the way to a successful real estate transaction.
For more information and full update, check out the following resources on REALTOR Link®.
Our JUNE 2025 Market Update is provided above and available on YouTube; it summarizes our housing market in about two minutes.
Please note: The Vancouver Island Real Estate Board (VIREB) transitioned to a new MLS® System in July 2020 and now uses a significantly different data model, which has affected our categories and terminology. For the boardsupplied graphs, single-family is now referred to as single-family detached, apartment as condo apartment, and townhouse as row/townhouse, which now includes patio homes. However, when reporting HPI numbers, VIREB still refers to single-family, apartment, and townhouse in the media release.