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: 433 (281, 152)
New Listings: 1066 (760, 465)
Active Listings: 3997 (3908, 3832)
Sales to new listings ratio: 41% (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
Looks like both listings and sales are lagging a bit from last year. Sales/new list is the same.
An interesting article this morning from Canadian Mortgage Trends. The CMHC is projecting almost 10 times slower growth in their portfolio in the next 5 years as they've experienced in the previous 5. If their cap is not raised, it will be interesting to see how this plays out for new buyers.
Marko also reports the SFH average is $620K and median is $555K.