The number of listings available on MLS.ca for Greater Victoria increased this past week. This includes
- 39 more condos.
- 3 more townhomes.
- 32 more SFH.
The largest increase in listings of SFH by price breakdown was in the $300k to $400k range. There are 10 more houses on MLS.ca in this price range this week.
Even with the increase in SFH listings, the pie chart breakdown is still very top heavy.
I think the increase in listings this past week is the beginning of the traditional run-up of inventory in the fall months. With the associated decrease in sales during fall, the months supply of inventory will increase. The September sales numbers will be very interesting.