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This "Months Of Inventory" (MOI) snapshot was based on MLS searches done for the VREB area on August 24, 2008.

Single family home listings total 1533. Condo inventory is up to 1224. There are 441 townhouses available - a slight increase. There are currently 379 million dollar plus properties listed. Expensive properties are now past twenty-one months of inventory, and make up more than 11% of all listings. Considering the current economic environment, that strikes me a bit overoptimistic, as far as buyers go in the Victoria market, I don't think there are that many of them who can go to that range.

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.