Saturday, August 24, 2013

(Almost) the weakest market in the country for over 5 years

Easy to forget when you're stuck in our sleepy real estate market, but the rest of Canada has been going gangbusters while we were stuck being boring.  The little upward blip in July saved us from last place (that honor going to Edmonton), but over there the market is pretty hot with 3.3 months of inventory in July, while we sit at 8.2.

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.

August 2013August
Wk 1Wk 2Wk 3Wk 4
Unconditional Sales181
New Listings337568778
Active Listings466146634643
Sales to New Listings
Sales Projection568559569

Months of Inventory

*Week 1 being 7 weekdays

No comments:

Post a Comment