Tuesday, May 20, 2014

May 20 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.


May 2014May
 2013
Wk 1Wk 2Wk 3Wk 4
Unconditional Sales229
406


659
New Listings572909

1428
Active Listings45124578

4783
Sales to New Listings
40%
45%

46%
Sales Projection719687*


Months of Inventory
7.3


*Counting the stat as a weekday.  

Monday, May 12, 2014

It's looking awful fishy out there

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 2014May
 2013
Wk 1Wk 2Wk 3Wk 4
Unconditional Sales229



659
New Listings572


1428
Active Listings4512


4783
Sales to New Listings
40%



46%
Sales Projection719


Months of Inventory
7.3


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?