highlights • A ctiveM LS listingsincreased 7% m onth-over-m onth aftertw o consecutivem onthly declinesto reach 2,708 in Septem ber.Thehigh-waterm ark forinventorythisyearwasJuneat2,792 listings. Priortothen,inventoryhasn’tbeen thishigh sinceAugust2015. • Inventorywas35% aboveitsprior10-yearSeptem beraverage(of2,001),led bycondos(+60%,to 836),and folowed bytownhom es(+35%,to264)and detached hom es(+25%,to1,430). • Them arketwasbalanced with 5.0 m onthsofinventory(M O I),up from 4.7 in August.Thecondo and townhom esegm entscontinued to favourselerswith M O Isof4.4 and 4.3,respectively,while detached wasbalanced with an M O Iof5.6.
GREATERVICTORIA THERENNIEADVANCE inventory
SEPTEMBER 2024
2,500
+ 17% vsSep 2023
2,000
1,500
1,430
1,140 10 yrSep Avg
1,000
DETACHED inventory
500
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 25% vs10yrSep Avg
● Septem ber ﹍ 10 yrSeptem berAverage
600
+ 29% vsSep 2023
500
400
300
195 10 yrSep Avg
264
200
TOWNHOME inventory
100
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 35% vs10yrSep Avg
● Septem ber ﹍ 10 yrSeptem berAverage
1,000
+ 37% vsSep 2023
800
836
600
521 10 yrSep Avg
400
CONDO inventory
200
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 60% vs10yrSep Avg
● Septem ber ﹍ 10 yrSeptem berAverage
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