highlights • With11,654homesavailableforpurchaseattheendoflastmonth,March’sinventorywasthe 2nd-lowestMarchinventoryinthepastthreedecades;itwasalso30%lowerthanthe10-year Marchaverage.Comparedtooneyearago,totallistingsweredownby13%,withcondoinventory down24%,detached-homelistingsdown8%,andavailabletownhomes0.9%lower. • Onamonth-over-monthbasis,inventoryroseforalhometypesinMarch–tothereliefofmany buyers.Townhomelistingsrosethemost,at35%,folowedbydetachedhomesat20%andcondos at13%.March’sinventorycountwasthehighestsinceOctober2021. • Despitethesurgeinsupply,sales-to-listingsratiosremainelevated— at76%forcondos,74%for townhomes,and42%fordetachedhomes— whichreflectsacontinuationofselers’market conditions.
THERENNIEADVANCE total listings
MARCH 202
14,000
-8% vsMar2021
12,000
10,000
8,000
5,515
8,005 10 yrMarAvg
6,000
4,000
DETACHED listings
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 0 2,000
-31% vs10yrMarAvg
﹍ 10 yrMarchAverage
● March
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500
-0.9% vsMar2021
2,388 10 yrMarAvg
1,718
TOWNHOME listings
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 0 500
-28% vs10yrMarAvg
﹍ 10 yrMarchAverage
● March
12,000
-24% vsMar2021
10,000
8,000
6,000
5,926 10 yrMarAvg
4,100
4,000
CONDO listings
2,000
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 0
-31% vs10yrMarAvg
﹍ 10 yrMarchAverage
● March
Copyright©April1,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofApril1,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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