Monday, August 12, 2013

August 12 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 1*Wk 2Wk 3Wk 4
Unconditional Sales181

New Listings337

Active Listings4661

Sales to New Listings

Sales Projection568

Months of Inventory

*Week 1 being 7 weekdays

Strong start to the month with 16 sales/day compared to 13 last year, and fewer listings this year.   Looks like the recent mortgage tweaks were necessary to beat down a resurgence in this market.  Beginning of month predictor said 477 sales, but it seems the market is up for a late summer hurrah.

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