Victoria housing inventory could hit record low for March

March is shaping up to be a record-setter for the fewest homes up for sale in the Victoria market.

Real estate blogger Leo Spalteholz says March typically sees around 500 newly listed homes for sale in the Greater Victoria region, but so far this March that number is closer to 120.

“It’s the lowest I’ve ever seen it, and looking back at the stats back to 1996, it’s the lowest for this current time of the year,” said Spalteholz. “What’s really odd this year is that it’s not really building as it should.”

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