Monday, July 8, 2013

July 8 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 Listings315

Active Listings4762

Sales to New Listings

Sales Projection552

Months of Inventory

First week of July 2012 was exactly the same at 120 sales and 306 listings.    Goes to show the uselessness of projections in the first week, as back then HHV (using calendar day method) projected 465 sales.   Business days (ignoring the holiday) gives us 552, the predictor based on last year and June's sales gives us 551 using calendar days, or 613 using business days.

Edit:  Die giant fonts die!

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