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This "Months Of Inventory" (MOI) snapshot was based on MLS searches done for the VREB area on June 27, 2008.

What a difference a couple of days make. Big jumps in the listings, to test the theroy of Dave from the previous MOI entry that listings are starting to stall.

Single family home listings reached a total over 1012 above the median and 1437 over all. Condo inventory increased slightly to 1261 total.

There are now 356 million dollar plus properties listed. That's 14.83 months of inventory. Balance that!

I'll borrow my June VREB predictions from a post I made over at HHV; feel free to come back and congratulate or tell me "I told you so!", when I'm either right or way wrong.

SFH - Median of $530,000, Average of $570,000 for SFH. Sales of 380-400.

Condos - Median of $280,000 for condos. Sales of around 180.

Townhouses - Median of $380,000 for townhouses. Sales of around 60.

Where do you think the numbers will fall for June?

Just for Aleks, please note the new total moi number. I get that by taking all the unit sales from May 2008, and then dividing the current listings by those unit sales. Thanks for the suggestion Aleks.