A collection of articles and quick commentary on residential real estate. "It's different this time, really . . . " Ha ha ha. No, it's not.
When China goes down, so does Australia and Canada.
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Thursday, August 4, 2011
Victoria BC at Nearly 10 Months of Inventory
Rounded, 5100 units in inventory and 520 sold. That's definitely a buyer's market. (Generally 6.5 months of inventory is balanced.)
In July, for the second straight month, the number of homes for sale remained at 15-year highs while the average selling price dropped in all categories.
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