highlights • M LS listingstotaled 11,988 lastm onth.W hilethiswas2% higherthan M arch,itwasles than thetypical8% M arch-to-A prilincrease.O veral,inventory rem ainsconstrained,w ith lastm onth’s listings11% low erthan lastyear,and 29% low erthan thepast-decadeaverage.In fact,A pril’s inventorywasthesecond-lowestin anyApriloverthepast30+ years. • O n am onth-over-m onth basis,inventoryroseforal hom etypes,with listingsofdetached hom es up 4%,townhom esup 1.1%,and condosup m arginaly,at0.3%.Com pared tolastyear,townhom e and detached hom einventorywereeach lower(by23% and 17%,respectively),whilecondo inventorywasactualyup,by1.4%. • O veral,therewere2.8 m onthsofinventory(M O I)in April,onceagain reflecting conditionsthat stronglyfavourselers.Thiswasalso trueforeach ofthehom e-typesegm entsofthem arket: detached (M OIof3.7),townhom e(M OIof2.0),and condo(M OIof2.5).
THERENNIEADVANCE total listings
APRIL 2023
14,000
- 17% vsApr2022
12,000
10,000
8,000
8,209 10 yrAprAvg
6,000
4,000
5,225
DETACHED listings
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 0 2,000
- 36% vs10yrAprAvg
﹍ 10 yrAprilAverage
● April
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500
- 23% vsApr2022
2,415 10 yrAprAvg
1,580
TOWNHOME listings
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 0 500
- 35% vs10yrAprAvg
﹍ 10 yrAprilAverage
● April
12,000
+ 1.4% vsApr2022
10,000
8,000
6,000
5,898 10 yrAprAvg
4,000
4,771
CONDO listings
2,000
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 0
- 19% vs10yrAprAvg
﹍ 10 yrAprilAverage
● April
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