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
Net Unconditional Sales: 80
New Listings: 245
Active Listings: 3539
Sales to new listings ratio: 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
And we're off to the spring market. Looks like sales are starting pretty strong, but it's too early to really tell. Months of inventory has been high and putting pressure on prices. Can it continue as sales heat up?