highlights • Therewere14,771 totalM LS listingsattheend ofJuly,which equated toa3% increaseoverJune’scount— a notablem onth-over-m onth changein both m agnitudeand direction (on averageoverthepastdecade, inventoryhascontracted by0.1% between Juneand July).D espitethisrecentexpansion,inventoryrem ains 19% below thelong-run averageforthistim eofyear,and is8% lowerthan oneyearago. • O n am onth-over-m onth basis,inventorywashigherforeach hom etypein July,with condolistings expandingthem ost(by4%),folowed bydetached hom es(+3%)and townhom es(+2%).O n ayear-over-year basis,inventorywaslowerforeach hom etype:townhom esby25%,detached hom esby6%,and condosby 3%. • O veral conditionsshifted towardsbalancein July,though theycontinued to favourselersin them ulti-fam ily segm ents:bytheend ofJuly,therewere3.1 m onths-of-inventory(M O I)forcondosand 2.5 M O Ifor townhom es.N otably,conditionsin thedetached hom esegm entwerebalanced forthefirsttim esince February,with 6.1 M O I.
THERENNIEADVANCE total listings
JULY 2023
14,000
- 6% vsJul2022
12,000
10,000
8,000
8,875 10 yr JulAvg
6,000
6,977
4,000
DETACHED listings
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2,000
- 21% vs10yrJulAvg
﹍ 10 yrJulyAverage
● July
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500
- 25% vsJul2022
2,638 10 yr JulAvg
1,883
TOWNHOME listings
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500
- 29% vs10yrJulAvg
﹍ 10 yrJulyAverage
● July
12,000
- 3% vsJul2022
10,000
8,000
6,000
6,309 10 yr JulAvg
5,406
4,000
CONDO listings
2,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
- 14% vs10yrJulAvg
﹍ 10 yrJulyAverage
● July
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