MLS numbers courtesy of the VREB via Marko Juras. These numbers are for the Victoria Real Estate Board's reporting area, including Sooke, Shawnigan Lake and the Gulf Islands.
Month to date April 2011
Net Unconditional Sales: 47
New Listings: 135
Active Listings: 3,925
Current sales to new listings ratio: 35%
April 2010 totals
Net Unconditional Sales: 756
New Listings: 1,783
Active Listings: 4,229
Sales to new listings ratio: 42%
Sales to active listings ratio: 18% or 5.6 MOI
Our local real estate market in Victoria is too small, with too few transactions, to read four days worth of data as any indication of a trend: be it a continuation of last month's activity or whatnot. But I'mmagonnadoitanyway!
In the first week of March 2011, approximately 17 units sold each day. Over the last 3 days of March 2011, approximately 26 units per day changed from active to pending in the VREB MLS system. In the first three days of April, we've seen 15 sales per day.
All this means absolutely nothing of course, but there's little indication in the sales numbers that buyers were pulled forward by the March 18th mortgage rule changes and there's no indication that the spring market is getting busier. Which is probably why around 300 listings expired at the end of March and haven't been renewed yet.
Feel free to refute my "it's not busy out there" claims with anecdotal evidence of under-priced Gordon Head homes selling in bidding wars or attracting big crowds at 2-hour long open houses on sunny Sunday afternoons.