May 27 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.

	May 2013				May 2012
	Wk 1	Wk 2	Wk 3	Wk 4
Uncond. Sales	96	235	367	520	659
New Listings	277	584	916	1173	1740
Active Listings	4568	4642	4724	4745	5015
Sales to New Listings	35%	40%	40%	44%	38%
Sales Projection	---	600	602	664
Months of Inventory					7.6

Another mini sales surge like we saw in mid April.   Again we will hit last year's sales numbers +- some small percentage.   Sales rate of 28.9/business day is identical to last year's 29 at this time in the month, but last year we had 16% more new listings.

A small sign of life, but still nowhere near any kind of sensible sales/list ratio.  In the boom times this was around 75%, while in the 90s flat market it bounced between 50% and 60%.

In other news we bought a house.