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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