- Sales at 637 are slightly ahead of last year's 618.
- Inventory is higher than last year at 5189 vs 5050. As Roger points out, this is actually an all time high.
- Average single family home price is $591k, which is down both from last month and from last year. However keep in mind that monthly numbers are highly volatile. Here is the context.
The spin machine was in full swing this time as usual. This time the spring numbers were compared to yearly averages to make them look a little less anemic. Patriotz captures the comparison well with a similar press release...
"For our city, an average month has 10 days of sunshine" says Sam Salmon, President of the Victoria Tourist Board. "Days of sunshine during the last three months have been well ahead of that number."
So record inventory, low sales, and prices looking weak. And all this is before the mortgage bomb hits in just a few days. Will it finally, truly, get interesting?