This week had a decrease in the number of single family home listings on MLS.ca for Greater Victoria. The largest decrease in listings were SFH with an asking price higher than $700000. There was in increase in listings of SFH with prices between $300k and $400k and between $500k and $600k.
Condo listings on MLS.ca appear to have spiked, however, that may be due to the new search feature. It appears that townhomes are sometimes included in the results when searching for condos. Last week had 547 - 2 bedroom condo listings. This week - 612.
Tomorrow is July. VREB will likely release the June sales numbers on Tuesday, the 3rd. I have a gut feeling that the number of sales for June will be over 900. Driving around town, there appear to be a lot of "Sold" signs. A sales number of 900 would be nearly a 20% increase from last year. I think that inventory will also have increased, but not by much. Regarding prices, I don't have the faintest idea. This blogs commenter's say that property sales are selling for under list. This doesn't necessitate a decrease in average selling price though. I'm looking forward to the numbers in a couple days.
Have a great long weekend! Happy Canada Day!