highlights • ActiveM LS listingswereup 3% m onth-over-m onth to21,362atm onth-end,m orethan the typicalJune-to-Julyincreaseof0.3%.Thiswasthehighestlevelin anym onth sinceJune2019 (21,654)and them ostinventoryforthem onth ofJulysince2014(23,553). • Inventorywas24% abovetheprior10-yearJulyaverage,led bycondoinventoryat38% above average(to8,248).Townhom einventorywas23% aboveaverage(to3,021)and detached hom e inventorywas11% aboveaverage(to9,253). • Theoveral m arketwasconsidered balanced with 6.1 m onthsofinventory(M O I),up from 5.7 in June.Thetownhom esegm entcontinued tofavourselerswith an M OIof4.2,thecondom arket wasconsidered balanced with an M O Iof5.3,whilethedetached m arkettipped into aselers’ m arketwith an M OIof8.5.
VANCOUVERREGION THERENNIEADVANCE inventory
JULY 2024
14,000
+ 36% vsJul2023
12,000
10,000
8,000
9,253
8,317 10 yr JulAvg
6,000
4,000
DETACHED inventory
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2,000
+ 11% vs10yrJulAvg
﹍ 10 yrJulyAverage
● July
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500
+ 60% vsJul2023
3,021
2,450 10 yr JulAvg
TOWNHOME inventory
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500
+ 23% vs10yrJulAvg
﹍ 10 yrJulyAverage
● July
12,000
+ 53% vsJul2023
10,000
8,000
8,248
6,000
5,996 10 yr JulAvg
4,000
CONDO inventory
2,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 38% vs10yrJulAvg
﹍ 10 yrJulyAverage
● July
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