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.
| May 2014 | May
2013 |
| Wk 1 | Wk 2 | Wk 3 | Wk 4 |
| Unconditional Sales | 229 |
|
|
|
659
|
| New Listings | 572 |
|
|
|
1428
|
| Active Listings | 4512 |
|
|
|
4783
|
| Sales to New Listings |
40%
|
|
|
|
46%
|
| Sales Projection | 719 | |
|
|
|
| Months of Inventory |
|
|
More listings piling on and lower sales/list than last year. Seems the market is equalizing again or as Marko says "a whole lot of boring".
End of month numbers are no different. The more data we get, the more it seems the decline went from 2010 to 2012, with flat afterwards. It took a big shift in sales mix to keep median prices flat during the inventory spike after the 2012 CMHC changes, but stay flat they did. I wonder what the sales mix is like these days?
