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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.