highlights • Therewere12,155 activeM LS listingslastm onth,which wasa2% decreasefrom D ecem ber,and contraryto thetypical9% increase.Aftertwo consecutivem onthsabovethem onthlylong-run average,totallistingsw ere3% below thepast-decadeJanuary average(of12,590). • O n am onth-over-m onth basis,inventorywaslowerfordetached hom esby19%,and higherfor townhom esand condosby2% and 1.9%,respectively. • Theoveral m arketrem ained in balanced ter itoryin January,with 5.2 m onthsofinventory (M O I).N otably,thecondoand townhom esegm entsfavoured selers,with M O Isof4.6 and 3.5 respectively,w hilethedetached m arketw asbalanced,w ith an M O Iof7.2.
VANCOUVERREGION THERENNIEADVANCE inventory
JANUARY2024
14,000
+ 16% vsJan2023
12,000
10,000
8,000
5,897 10 yr Jan Avg
6,000
4,000
5,242
DETACHED inventory
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2,000
- 11% vs10yrJanAvg
﹍ 10 yrJanuaryAverage
● January
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500
+ 5.2% vsJan2023
1,748 10 yr Jan Avg
1,584
TOWNHOME inventory
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500
- 9% vs10yrJanAvg
﹍ 10 yrJanuaryAverage
● January
12,000
+ 11% vsJan2023
10,000
8,000
6,000
4,615 10 yr Jan Avg
4,000
4,848
CONDO inventory
2,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 5% vs10yrJanAvg
﹍ 10 yrJanuaryAverage
● January
Copyright© February1,2024renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofFebruary1,2024.Aldatafrom RealEstateBoard ofGreaterVancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.ren iegroupofcom 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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