Feb 18 Market Update

MLS numbers update 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.

	February 2014				February  2013
	Wk 1	Wk 2	Wk 3	Wk 4
Unconditional Sales	101	200			394
New Listings	372	588			1039
Active Listings	3556	3599			4072
Sales to New Listings	27%	34%			38%
Sales Projection	---	400
Months of Inventory					10.3

Pretty steady sales rate of 100/week.   Soon we will no longer be blowing last year's numbers out the water for sales.  But the government is getting nervous again, with some tweaks to CMHC in the 2014 budget.  If the market in the rest of the country doesn't settle down soon there will be more, and more significant ones.