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.
August 2012 month to date (previous weeks in brackets)
Net Unconditional Sales: 254 (153, 75)
New Listings: 620 (397, 207)
Active Listings: 4834 (4834, 4836)
Sales to new listings ratio: 41% (39%, 36%)
Net Unconditional Sales: 542
New Listings: 1200
Active Listings: 4944
Sales to new listings ratio: 45%
Sales to active listings ratio: 10.9% or 9.1 MOI
Almost 13 unit sales per day on average in August. It's F'ugly out there if you're trying to sell your home. I imagine more than a few listing agents are telling their clients "it'll pick up in September." Will it? One had better hope or one had better drop their price if one is trying to get a home sold.
SFH MTD Average = $591,274
SFH MTD Median = $539,000
Condo Average = $342,538