the vancouver rennie advance | August 2024

highlights • N ew M LS listingsdeclined in Julyto8,721.Thiswasadecreaseof2% m onth-over-m onth,les than thetypicalJune-to-July decreaseof11% . • D espitethesm al decrease,new listingsactivity rem ained elevated from ahistoricalperspective. N ew listingswereup 18% year-overyearand were17% abovetheirprior10-yearJulyaverage(of 7,470). • N ew condo listingsrem ained them ostelevated at27% abovetheirprior10-yearaverage(to 3,680)and new townhom elistingswere21% aboveaverage(to1,564).N ew detached listingson theotherhand were1% below average(to3,151).

VANCOUVERREGION THERENNIEADVANCE new listings

JULY 2024

7,000

+ 17% vsJul2023

6,000

5,000

4,000

3,187 10 yr JulAvg

3,000

3,151

2,000

DETACHED new listings

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1,000

- 1% vs10yrJulAvg

﹍ 10 yrJulyAverage

● July

+ 22% vsJul2023

2,500

2,000

1,500

1,564

1,297 10 yr JulAvg

1,000

TOWNHOME new listings

500

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0

+ 21% vs10yrJulAvg

﹍ 10 yrJulyAverage

● July

5,000

+ 17% vsJul2023

4,000

3,680

3,000

2,890 10 yr JulAvg

2,000

CONDO new listings

1,000

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0

+ 27% vs10yrJulAvg

﹍ 10 yrJulyAverage

● July

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