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.
| October 2013 | October 2012 | ||||
| Wk 1 | Wk 2 | Wk 3 | Wk 4 | ||
| Unconditional Sales | 89 | 373 | |||
| New Listings | 240 | 1068 | |||
| Active Listings | 4408 | 4876 | |||
| Sales to New Listings | 37% | 35% | |||
| Sales Projection | -- | ||||
| Months of Inventory | 13.1 | ||||
Another month another same old in the Victoria market. Sorry for the lack of monthly update, it's been a bit insane at work. Will post it eventually and I also have some thoughts about the state of condo construction in Victoria that I'd like to write up.
Again it is going to be tough for this October to match the miserable lows of last year. However the last of the ultra low rate holds should be expired by now so let's see what kind of hit sales are going to take.
