highlights • Therewere2,640 activeM LS listingslastm onth,thehighestinventorylevelin anym onth going back toJuly2019 (2,658).Com pared topriorAprildata,inventorywas35% abovethe past-decadeAprilaverage(1,959)and hasn’tbeen thishigh since2014 (2,841). • Totalinventorygrew 10% m onth-over-m onth,slightlyhigherthan thetypicalM arch-to-April expansion of7%.D etached hom einventorywasup 15% (to1,538),folowed bytownhom es(6% to 395)and condos(4% to707).O n ayear-over-yearbasis,totalinventorywasup by45% led by condos(47%)and folowed bydetached hom es(46%)and townhom es(39%). • M onthsofinventory(M O I)declined form osthom etypes.Thedetached hom esegm entrem ained in buyers’m arketter itoryatan M O Iof8.1,whilethetownhom eand condosegm entswere considered balanced w ith M O Isof6.0 and 6.9,respectively.
CENTRALOKANAGAN THERENNIEADVANCE inventory
APRIL2024
+ 46% vsApr2023
1,000 1,250 1,500 1,750 2,000
1,538
1,160 10 yrAprAvg
250 500 750
DETACHED inventory
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 33% vs10yrAprAvg
﹍ 10 yrAprilAverage
● April
600
+ 39% vsApr2023
500
400
395
300
296 10 yrAprAvg
200
TOWNHOME inventory
100
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 33% vs10yrAprAvg
﹍ 10 yrAprilAverage
● April
800
+ 47% vsApr2023
700
707
600
500
400
502 10 yrAprAvg
300
200
CONDO inventory
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100
+ 41% vs10yrAprAvg
﹍ 10 yrAprilAverage
● April
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