06/12/2026
May brought continued balance to the Nanaimo real estate market, with inventory rising to 4.0 months, giving buyers more choice while maintaining healthy market activity. Single-family homes remained resilient, with the average price reaching $870,407, up 1.3% year over year, while homes sold faster at 33 days on market. 🏡
Sales activity eased slightly this month, with 107 single-family home sales, reflecting a modest slowdown compared to last year. The apartment market also saw softer conditions, with average prices settling at $448,700 and fewer sales recorded. Meanwhile, lot sales remained limited, with no notable activity reported during the month.
As we move into summer, inventory levels and buyer demand will continue to shape opportunities for both buyers and sellers across Nanaimo. ✨