GREATER VICTORIA THE RENNIE ADVANCE new listings
highlights • There were 1,216 new MLS listings last month, which was a 23% increase compared to August. This was over and above the typical August-to-September increase of 9%, with last month’s new listings coming in at 19% more than the past-decade September average (of 1,026), and 13% higher than one year ago. • On a month-over-month basis, new listings for all home types were higher: detached listings were up by 28% (to 669), townhome listings were up by 12% (to 164), and condo listings were up 19% (to 383). • September’s new listings were up on a year-over-year basis for all home types as well, with detached listings 14% higher than last September, while townhome and condo listings were 0.6% and 17% higher, respectively.
SEPTEMBER 2023
1,000
+ 14% vs Sep 2022
800
669
600
567 10 yr Sep Avg
400
DETACHED new listings
200
0
+ 18% vs 10yr Sep Avg
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
﹍ 10 yr September Average
● September
+ 1% vs Sep 2022
250
200
150
164
149 10 yr Sep Avg
100
TOWNHOME new listings
50
0
+ 10% vs 10yr Sep Avg
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
﹍ 10 yr September Average
● September
500
+ 16.8% vs Sep 2022
400
383
300
310 10 yr Sep Avg
200
CONDO new listings
100
0
+ 23% vs 10yr Sep Avg
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
﹍ 10 yr September Average
● September
Copyright © October 5, 2023 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of October 5, 2023. All data from the Victoria Real Estate Board & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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