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I did a search for condos in the VREB area of the MLS. For April 10, 2008, there were 1074 condos for sale!

Another 138 condo listings were found at Craigslist - the number of condos offered there continues to grow and grow. Mind you, by the time you click the link, the number could go higher!

The attached graph shows results of an inventory overview search of the MLS, for the Victoria Real Estate Board area (10/04/08).

Inventory is up quite a bit since the last time I did this about six weeks ago, but even so, inventory may not be growing quite as much as was expected by the bears.