highlights • TheVancouverRegion talied 3,748M LS salesin July,which wasdown 22% from June’s4,822 sales.W ith them onth-to-m onth declinein salesfarexceeding w hat’stypicalforthistim eofyear (overthepast10 years,saleshave,on average,been 9% lowerin Julythan in June),theregion’s Julysalescountwas17% below thelong-run averageforthem onth.W ithoutadoubt,risingand (relatively)high interestrateshavecontributed to theslow dow n in salesobserved overthepast twom onths. • Com pared toJune,July’stownhom eand condosaleswereeach down by19%,whiledetached salesfel even m ore,at30% . • Com pared towhathad been asluggish salesm onth back in July2022,lastm onth’ssaleswere higherforal hom etypes:by60% fortownhom es,30% fordetached hom es,and 23% forcondos.
THERENNIEADVANCE sales
JULY 2023
4,000
+ 30% vsJul2022
3,500
3,000
2,500
2,000
1,854 10 yr JulAvg
1,500
1,000
DETACHED sales
1,135
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500
- 39% vs10yrJulAvg
﹍ 10 yrJulyAverage
● July
+ 60% vsJul2022
1,000 1,200 1,400 1,600
845 10 yr JulAvg
200 400 600 800
767
TOWNHOME sales
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
- 9% vs10yrJulAvg
﹍ 10 yrJulyAverage
● July
3,500
+ 23% vsJul2022
3,000
2,500
2,000
1,746 10 yr JulAvg
1,500
1,747
1,000
CONDO sales
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500
- vs10yrJulAvg
﹍ 10 yrJulyAverage
● July
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