2024 Development Report

HOUSING – Key Metrics

AVERAGE ACTIVE LISTINGS PER QUARTER

3K

2,700

2.5K

2K

1.5K

916

1K

665

500

0

2019

2020

2021

2022

2023

2024

Source: Greater Regional Alliance of Realtors (GRAR)

Average quarterly listings fell 27% to 665 listings in Q1 2024, compared to the 916 average listings posted in the same quarter the previous year. Average quarterly listings have steadily declined from a peak of 2,700 listings in Q3 2019.

AVERAGE DAYS ON MARKET BY QUARTER

60

50

35 Days

34 Days

40

30

20

10

0

2019

2020

2021

2022

2023

2024

Source: Greater Regional Alliance of Realtors (GRAR)

The average days on market for residential homes remained relatively flat compared to 2023.

11

STATE OF DEVELOPMENT – DIVING DEEPER

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