Monday, July 15, 2013

July 15 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.

July 2013July 2012 
Wk 1Wk 2Wk 3Wk 4
Unconditional Sales120

New Listings315622

Active Listings47624817

Sales to New Listings

Sales Projection552588

Months of Inventory

Might as well repost last year's numbers they are so close.  What's interesting though is that last year we had these month end anomalies with the inventory, where the weekly updates showed a couple hundred less active listings than were reported in the month-end from VREB.  For example, July 30, 2012, the reported active inventory was 4939.  However two days later, it was apparently 5178. 

This year this is not happening, and month end numbers are basically what one would expect given the weekly updates.  Last year Marko explained it was a different algorithm run at the end of the month, but I don't understand what algorithm is involved in counting.   Data fudging or what is going on here?

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