(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 2013				August  2012
	Wk 1	Wk 2	Wk 3	Wk 4
Unconditional Sales	181	305	440		462
New Listings	337	568	778		1025
Active Listings	4661	4663	4643		5034
Sales to New Listings	54%	54%	57%		45%
Sales Projection	568	559	569
Months of Inventory					10.9

*Week 1 being 7 weekdays