Victoria SFH prices down YOY and over the last 2 years

Condo prices are also down YOY and flat over two years. Attached has taken a big dive and is down 15% over two years (a thinner market so we won't read too much into that)

Here are the graphs from the VREB

SFH Average Greater Victoria

Nov 2009 = $617,987

Nov 2010 = $636,557

Nov 2011 = $592,034

Median 2009 = $555K

Median 2010 = $530K

Median 2011 = $530K

This is news IMVHO. Big drops in SFH Median and Average prices over the last two years according to the VREB stats.

So how did they deal with it their news release?

It doesn't seem to have been mentioned!