Nov 27, 2013
Victoria October market trends: Swearingen
VICTORIA - As we move into fourth quarter, the market should begin its seasonal slowdown, according to Lee Swearingen of Coldwell Banker The Ron Brown Company. With very low housing...
VICTORIA – As we move into fourth quarter, the market should begin its seasonal slowdown, according to Lee Swearingen of Coldwell Banker The Ron Brown Company. With very low housing inventory and rising prices, now may be a good time for buyers to make a move.
Loan-to-income ratios are getting tighter and limiting choices for buyers. In spite of this, homes competitively priced and properly positioned in the market continue to get attention.
| All Categories* | 12 Months Ending Oct. 2012 | 12 Months Ending Oct. 2013 | Change |
| Residential property sales | 868 | 879 | 1.3% |
| Total dollar volume | $141,318,660 | $145,769,869 | 3.1% |
| Average sales price | $162,810 | $165,836 | 1.9% |
| Median sales price | $144,000 | $150,000 | 4.2% |
| Total active listings end of month | 298 | 250 | -16.1% |
| Months inventory | 3.6 | 3.0 | -16.7% |
*Figures refer to the residential homes market.
Read more at the Victoria Advocate.
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