highlights • W ith salesback to averageand new listingsbelow average,therew asadditionaldow nw ard pres ureon inventoryin N ovem ber.Activelistingstypicalydecline9% from O ctoberto N ovem ber,butlastm onth theyfel by17% tocloseN ovem berat2,097. • Forthefirsttim esinceApril2022,inventorywasbelow thesam em onth lastyear,down 0.2% from N ovem ber2023 (2,101 listings).Activecondo listingswereup year-over-year(+9%,to 739), asweretownhom elistings(+3%,to210),whiledetached hom elistingsweredown (-7%,to1,003). • D espitethesharp m onthly drop in inventory and thesm al declinerelativeto lastyear,active listingswerestil 25% abovetheprior10-yearN ovem beraverageof1,678.Condoinventorywas thefurthestaboveaverage(+58%),folowed bytownhom es(+31%)and detached hom es(+9%).
GREATERVICTORIA THERENNIEADVANCE inventory
NOVEMBER 2024
2,500
- 7% vsN ov2023
2,000
1,500
923 10 yrNovAvg
1,000
1,003
DETACHED inventory
500
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 9% vs10yrN ovAvg
● November ﹍ 10 yrN ovem berAverage
600
+ 3% vsN ov2023
500
400
300
160 10 yrNovAvg
200
210
TOWNHOME inventory
100
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 31% vs10yrN ovAvg
● November ﹍ 10 yrN ovem berAverage
1,000
+ 9% vsN ov2023
800
739
600
467 10 yrNovAvg
400
CONDO inventory
200
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 58% vs10yrN ovAvg
● November ﹍ 10 yrN ovem berAverage
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