highlights • Therewere18,145 activeM LS listingslastm onth,which wasup 19% from M arch and exceeded thetypicalM arch-to-Aprilinventoryexpansion of8%.Inventoryin theVancouverRegion was 16% abovethepast-decadeaveragelastm onth. • Inventorywashigherforal hom etypeson am onth-over-m onth basis,with detached hom esup 21%,townhom esup 22%,and condosup 18%. • Theoveral m arketrem ained in selers’ter itoryin April,with 4.3 m onthsofinventory(M O I),up from 4.2 in M arch.N otably,thecondoand townhom esegm entscontinued tofavourselers,with M O Isofonly3.8 and 2.8,respectively;thedetached m arketwasbalanced,with an M O Iof6.0.
VANCOUVERREGION THERENNIEADVANCE inventory
APRIL2024
14,000
+ 54% vsApr2023
12,000
10,000
8,000
7,520 10 yrAprAvg
7,816
6,000
4,000
DETACHED inventory
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2,000
+ 4% vs10yrAprAvg
﹍ 10 yrAprilAverage
● April
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500
+ 54.8% vsApr2023
2,214 10 yrAprAvg
2,460
TOWNHOME inventory
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500
+ 11% vs10yrAprAvg
﹍ 10 yrAprilAverage
● April
12,000
+ 49% vsApr2023
10,000
8,000
6,000
7,100
5,520 10 yrAprAvg
4,000
CONDO inventory
2,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 29% vs10yrAprAvg
﹍ 10 yrAprilAverage
● April
Copyright© May1,2024renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofMay1,2024.Aldatafrom RealEstateBoardof GreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipient oftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained from aren ieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
5
Made with FlippingBook - professional solution for displaying marketing and sales documents online