cheaprealty net

Here is a chart that nicely illustrates the increased sales activity in recent years, as sales of single family houses, condos and townhouses increased along with the prices. However, the possible beginning of a downtrend in sales activity can be seen, with the drop in activity from 2005 to 2006. The graph illustrates some year to year volatility, and in particular, correlations between down years in sales activity and the effect on total dollar volume and single family home prices is worth checking out. The increase in the local population and the general increase in the total housing stock over the years are a couple of explanations for the general uptrend in sales activity.

Source of the graph are statistics from the Victoria Real Estate Board, which I compiled in an Excel spreadsheet to produce the graph.