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December 2014

Found 1 blog entry for December 2014.

Sales for the Victoria Real Estate Board decreased 22.5% in November compared to October but were still 12.9% higher than November of last year. The important ratio of supply and demand between listings available for sale and listings sold became more balanced with the continuing dip in listing inventory down to 3,631 at the end of November. With the available listings down nearly 10% from a year ago and sales up over 10% from a year ago our market is reasonably balanced overall with just under an 8 month supply. We can expect to see the listing supply to continue lower following normal seasonal trend through December. With listing inventory dropping to the lowest level we’ve seen in years, now through January and early in the new year will be an…
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