Sales down, but listings up in Greater Victoria
Sales declined and the number of listings swelled to more than 4,500 last month as Greater Victoria’s real estate market continued to cool.
Properties listed for sale climbed by nearly 300 during May from the previous month while the number of homes sold through the Multiple Listing Service totalled 695. That’s down from 756 sales in April and 789 in March, according to the Greater Victoria Real Estate Board.
Still, sales are about 14 per cent ahead of the first five months of last year, said board president Randi Masters.
“It’s important to note that the first few months of this year were very strong compared to the same period a year ago when the effects of the recession were still being strongly felt,” said Masters…
Posted by: Carla Wilson, Times Colonist
Date: June 2, 2010
