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.
March 2012 month to date
Net Unconditional Sales: 281 (152)
New Listings: 760 (465)
Active Listings: 3908 (3832)
Sales to new listings ratio: 37% (33%)
Net Unconditional Sales: 622
New Listings: 1501
Active Listings: 4100
Sales to new listings ratio: 41%
Sales to active listings ratio: 15% or 6.6 MOI
Lots of bubble chatter in the media and from the banks these days. Looks like the consensus is that there is more mortgage market tightening on the way possibly this week or next. Let's see if it puts an additional dent in an already relatively weak market.