highlights • ActiveM LS listingsdeclined slightlym onth-over-m onth,down 3% versusatypicalJune-to-July declineof0.6%.At2,698,inventoryrem ained elevated at27% aboveitsprior10-yearJuly average,led bycondos(+53% to828),folowed bytownhom es(+23% to242)and detached (+18% to1,451). • O n ayear-over-yearbasis,totalinventorywasup 42% with al hom etypesseeing aconsiderable increasefrom July2023:condosat+71%,townhom esat+38%,and detached hom esat+30%. • Them arketrem ained favourabletoselersin Junewith 4.5 m onthsofinventory(M O I),up from 4.3in June.Thecondoand townhom esegm entscontinued tofavourselerswith 4.1and 3.2 m onthsofinventory(M O I),respectively,whiledetached tipped into balancewith an M O Iof5.1.
GREATERVICTORIA THERENNIEADVANCE inventory
JULY 2024
2,500
+ 30% vsJul2023
2,000
1,500
1,451
1,230 10 yr JulAvg
1,000
DETACHED inventory
500
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 18% vs10yrJulAvg
﹍ 10 yrJulyAverage
● July
600
+ 38% vsJul2023
500
400
300
196 10 yr JulAvg
200
242
TOWNHOME inventory
100
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 23% vs10yrJulAvg
﹍ 10 yrJulyAverage
● July
1,000
+ 71% vsJul2023
800
828
600
540 10 yr JulAvg
400
CONDO inventory
200
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 53% vs10yrJulAvg
﹍ 10 yrJulyAverage
● July
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