|July 2013||July 2012|
|Wk 1||Wk 2||Wk 3||Wk 4|
|Sales to New Listings|
|Months of Inventory|
Reasonably solid week with 132 sales compared to 110 in the same week last year. I suspect this pattern will continue for the rest of the summer and possibly the year unless mortgage rules are tightened again. Compared to last year market conditions will look better, but make no mistake it is still weak out there. July MOI will come in between 8 and 8.5. Interestingly enough, active listings actually declined last week which usually doesn't happen until late August.
Joke of the day comes from DavidL who says "I hope that VREB will avoid spinning this as "sales volume up 5% over 2012""