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.
May 2012 month to date
Net Unconditional Sales: 140
New Listings: 382
Active Listings: 4451
Sales to new listings ratio: 36%
Net Unconditional Sales: 572
New Listings: 1524
Active Listings: 4857
Sales to new listings ratio: 37.5%
Sales to active listings ratio: 11.7% or 8.49 MOI
Sales are off to a bit of a jump start in May; perhaps a good weather bounce anyway; with nearly 24 unit sales per day thus far. If this pace keeps up, we're looking at over 700 sales on the month, about 20 per cent higher than last year. I wonder why?