Sept 23 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.

	September 2013				September  2012
	Wk 1	Wk 2	Wk 3	Wk 4
Unconditional Sales	96	224	354		416
New Listings	305	598	874		1210
Active Listings	4513	4556	4579		5025
Sales to New Listings	31%	37%	40%		34%
Sales Projection	403	470	495
Months of Inventory					12.1

It does seem there are legitimate questions about how accurate sales stats are around the country.  Not just in seedy Toronto but even the CREA might be adding up suspect numbers.  However what isn't discussed in the numbers is whether this is a new practice. One would think that realtors have been listing houses on multiple boards for years or decades.