highlights • A continued strong labourm arket,elevated listing cancelations,and aslow -flow ofnew listings haskeptalid on inventoryin theVancouverRegion:com pared tothepast10-yearN ovem ber average,lastm onth’slistingscountof13,686 was17% lower. • Com pared to O ctober,N ovem ber’slistingsfel by7%,which ism ainlyin linewith thetypical seasonaldeclineof8%.Townhom eand detached hom elistingsfelby8% (to1,995and 5,944, respectively),whilecondosdeclined by5% (to 5,276).Com pared to ourhistoricaltightm arketlast year,cur enttownhom einventoryis97% higher,detached hom elistingsareup 41%,and condos areup 29%. • In N ovem ber,therewere5.7 m onthsofinventory(M O I),indicating overal balanced conditions. Thedetached hom esegm ent(7.4 M O I)sitsatthehigh end ofbalanced,whileselers’m arket conditionsprevailin thetownhom e(4.8 M O I)and condo(4.7 M O I)segm ents.
THERENNIEADVANCE total listings
NOVEMBER 202
14,000
+ 41% vsN ov2021
12,000
10,000
8,000
7,829 10 yrNovAvg
6,000
5,944
4,000
DETACHED listings
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2,000
- 24% vs10yrN ovAvg
● November ﹍ 10 yrN ovem berAverage
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500
+ 97% vsN ov2021
2,341 10 yrNovAvg
1,995
TOWNHOME listings
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500
- 15% vs10yrN ovAvg
● November ﹍ 10 yrN ovem berAverage
12,000
+ 29% vsN ov2021
10,000
8,000
6,000
5,893 10 yrNovAvg
5,276
4,000
CONDO listings
2,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
- 10% vs10yrN ovAvg
● November ﹍ 10 yrN ovem berAverage
Copyright© Decem ber1,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofDecem ber1,202 .Aldatafrom RealEstate BoardofGreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycan otbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.The recipientoftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
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