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This "Months Of Inventory" (MOI) snapshot was based on MLS searches done for the VREB area on August 16, 2008.

After a couple weeks away, I return to find not much has changed. Inventory continues to increase, albeit slowly. As bad as the July VREB numbers were, it looks like there hasn 't been any pick up in sales so far in August. Maybe August will be even worse? It seems the Times Colonist has jumped on that bandwagon now, anyway. Are they actually happily reporting the lowest BC house sales since the turn of the century? Read the story.

This "Months Of Inventory" (MOI) snapshot was based on MLS searches done for the VREB area on August 1, 2008.

Single family home listings total 1454. Condo inventory is down from the last check to 1198. There are now 442 townhouses available - a slight increase. Million dollar plus listings now total more than 20 months of inventory! There are currently 361 million dollar plus properties listed. Expensive properties are now approaching two years of inventory as these types of sales have fallen off a cliff.

This "Months Of Inventory" (MOI) snapshot was based on MLS searches done for the VREB area on July 28, 2008.

Single family home listings total 1465. Condo inventory is at to 1223. 433 townhouses are available. Million dollar plus listings now total more than 17 months of inventory. There are currently 359 million dollar plus properties listed.

For comparison, check out the previous inventory search here.

This "Months Of Inventory" (MOI) snapshot was based on MLS searches done for the VREB area on July 16, 2008.

Single family home listings total 1443. Condo inventory is up
to 1229. 426 townhouses are available now. Million dollar plus listings now total  17 months of inventory, based on the 21 sales in June 2008.  There are currently 357 miilion dollar plus properties listed.

For comparison, check out the previous inventory search here.

This "Months Of Inventory" (MOI) snapshot was based on MLS searches done for the VREB area on July 06, 2008.

Single family home listings total 1401. Condo inventory is back up to 1198. Townhouses bounced back to 413 units listed. As Roger noted in earlier comments, the trend through summer into fall in the VREB area is for inventory to grow. This trend is back on track.

For comparison, check out the previous inventory search here.

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Now that the mid month stats have been released, million dollar properties sold stat is available.  Table has been updated. 

This "Months Of Inventory" (MOI) snapshot was based on MLS searches done for the VREB area on July 03, 2008.

Looks like a lot of six month listings must have just expired at the end of June: there has been a bit of an inventory drop across the board which can't be accounted for by the dismal June 2008 sales numbers. Down from May 2008, which was down from April 2008. Three months of falling sales. Who would have thunk it?

Also, it looks like VREB has wised up to how bad posting the million dollar sales makes the numbers look for the top of the market - this number was missing from the June report. I'll get it added to the tables when I can. There were 345 million dollar plus listings as of today - no matter how you measure that, it is many months if not years of high priced inventory.

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!

This "Months Of Inventory" (MOI) snapshot was based on MLS searches done for the VREB area on June 25, 2008.

In general, inventory is still incrementally increasing, compared to my last VREB area search on June 20, 2008.

This "Months Of Inventory" (MOI) snapshot was based on MLS searches done for the VREB area on June 20, 2008.

There was another jump in single family home listings. Maybe everybody is planning on selling this weekend and decided to get that house on the market quick. Condos did something unusual - they actually decreased above the median slightly. Of course, there are still 10 plus months of above median condo inventory on the market, but I guess that's better than another incremental increase - an incremental decrease!

There are now more than 344 million dollar plus properties listed, while only 24 such properties sold last month in the VREB area. Yikes, more than 14 months of expensive inventory with no sign of Alberta moneybags anywhere.

This "Months Of Inventory" (MOI) snapshot was based on MLS searches done for the VREB area on June 16, 2008.

As usual, there are more single family homes and condos listed since the last time I did a search on June 6, 2008. In fact, there are more of everything, including an incredible 14 months of million $ plus inventory.

We can thank CREA for announcing today that inventory is increasing, while dollar volume and unit sales are dropping throughout BC.

Of course, average prices are still somehow maintained. For how much longer?