The real news in Greater Victoria is the very low inventory.
Here's how things looked as of Monday morning:
Monday was June 6 -- 20% of the month
- 20% of last June's Net Unconditional Sales (910) would be 182 and we're at 187 so very close;
- 20% of 1,346 New Listings for the month would be 269 and we're at 226--about 16% less.
- Active Listings is a point-in-time--on Mon. June 6, 2016 there were 2,354 compared to 4,003 on June 30, 2015 -- so inventory was less than 60% of last year's, and last year inventory was already pretty low.
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