the vancouver rennie advance | September 2024

highlights • N ew M LS listingsdeclined in Augustto6,491.Thiswasadecreaseof27% m onth-over-m onth, which isalm ostdoublethetypicalJuly-to-Augustdeclineof14%. • W ith thislarger-than-usualdrop,new listingsactivity m oved closeto itstypicalA ugustlevel(up 1.0% versusthepast-decadeAugustaverageof6,424),and wasup 4% on ayear-over-yearbasis. • Condoand townhom enew listingsrem ained elevated at13% and 0.7% abovetheirprior10-year averagesrespectively,w hiledetached new listingsw ere15% below average.

VANCOUVERREGION THERENNIEADVANCE new listings

AUGUST2024

7,000

- 2% vsAug2023

6,000

5,000

4,000

2,712 10 yrAugAvg

3,000

2,000

DETACHED new listings

2,296

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1,000

- 15% vs10yrAugAvg

﹍ 10yrAugustAverage

● August

+ 4% vsAug2023

2,500

2,000

1,500

1,115 10 yrAugAvg

1,000

1,123

TOWNHOME new listings

500

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0

+ 1% vs10yrAugAvg

﹍ 10yrAugustAverage

● August

5,000

+ 9% vsAug2023

4,000

3,000

2,511 10 yrAugAvg

2,826

2,000

CONDO new listings

1,000

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0

+ 13% vs10yrAugAvg

﹍ 10yrAugustAverage

● August

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