highlights • Totalinventory,aswel asthatforeach hom etype,grew again in M ay:com pared to April,last m onth’s15,486 listingswereup by15%.N otably,M ay’sM LS inventorywasstil 19% below the past-decadeM ayaveragedespite5 consecutivem onthsofexpansion. • O n am onth-over-m onth basis,townhom esupplyin theVancouverRegion roseby18%,folowed bythatofcondosand detached hom es,at15% and 14%,respectively.Com pared toM ay2021, listingswerestil lowerforcondos(by10%)and detached hom es(by5%);in contrast,townhom e listingswerehigherby18%. • M ay’stotalsales-to-listingsratiosdeclined betw een A priland M ay foral hom etypes,to 18% , 34%,and 38% fordetached hom es,townhom es,and condos,respectively.Assuch,while conditionsin thetownhom eand condosegm entscontinuetofavourselers,thosein thedetached hom em arketarenow balanced forthefirsttim esinceM ay2020.
THERENNIEADVANCE total listings
MAY 202
14,000
- 5% vsM ay2021
12,000
10,000
7,235
8,000
9,241 10 yrM ayAvg
6,000
4,000
DETACHED listings
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 0 2,000
- 22% vs10yrM ayAvg
﹍ 10 yrM ayAverage
● May
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500
+ 18% vsM ay2021
2,421
2,728 10 yrM ayAvg
TOWNHOME listings
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 0 500
- 11% vs10yrM ayAvg
﹍ 10 yrM ayAverage
● May
12,000
-10% vsM ay2021
10,000
8,000
5,394
6,000
6,628 10 yrM ayAvg
4,000
CONDO listings
2,000
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 0
- 19% vs10yrM ayAvg
﹍ 10 yrM ayAverage
● May
Copyright© June1,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofJune1,202 .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.
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