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.
February 2012 month to date (previous weeks in brackets)
Net Unconditional Sales: 179 (80)
New Listings: 557 (245)
Active Listings: 3629 (3539)
Sales to new listings ratio: 32% (33%)
Net Unconditional Sales: 488
New Listings: 1276
Active Listings: 3714
Sales to new listings ratio: 38%
Sales to active listings ratio: 13% or 7.6 MOI
The first week was a 5 day week and we saw sales of 16/day. Last week it was 14.1/day. It's most likely just noise, but aren't sales supposed to be accelerating this time of the year?