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 2013				July 2012
	Wk 1	Wk 2	Wk 3	Wk 4
Unconditional Sales	120				523
New Listings	315				1242
Active Listings	4762				5178
Sales to New Listings	38%				42%
Sales Projection	552
Months of Inventory					9.9

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!