highlights • ActiveM LS listingsweredown 2% m onth-over-m onth,to20,879attheend ofAugust— thefirst m onthlycontraction of2024— though thedrop wasles than thetypicalJuly-to-Augustdeclineof 3%.Lastm onth’sinventorywasthem ostforanyAugustsince2014(22,395). • Inventorywas25% abovetheprior10-yearAugustaverage,led bycondoinventory(8,000 listings)at39% aboveaverage.Townhom einventory(2,964 listings)was26% aboveaverage,and detached inventory(9,129)was12% above. • Theoveral m arketwasconsidered balanced in Augustwith 7.2 m onthsofinventory(M O I),up from 6.1in July.Thecondoand townhom esegm entswerebalanced,with M OI’sof5.4and 6.0, respectively,w hilethedetached segm entrem ained aselers’m arketw ith an M O Iof10.2.
VANCOUVERREGION THERENNIEADVANCE inventory
AUGUST2024
14,000
+ 31% vsAug2023
12,000
10,000
8,000
9,129
8,128 10 yrAugAvg
6,000
4,000
DETACHED inventory
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2,000
+ 12% vs10yrAugAvg
﹍ 10yrAugustAverage
● August
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500
+ 58% vsAug2023
2,964
2,352 10 yrAugAvg
TOWNHOME inventory
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500
+ 26% vs10yrAugAvg
﹍ 10yrAugustAverage
● August
12,000
+ 52% vsAug2023
10,000
8,000
8,000
6,000
5,767 10 yrAugAvg
4,000
CONDO inventory
2,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 39% vs10yrAugAvg
﹍ 10yrAugustAverage
● August
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