highlights • W ith therisein new listingsoutpacing salesin M ay,inventorycontinued to build to 2,853 at m onth-end.Thiswasup 8% m onth-over-m onth (from 2,641 listings),49% year-over-year(from 1,820 listings),and was37% higherthan theprior10-yearM ayaverage(2,087 listings).Thiswas also thehighestinventorylevelin asinglem onth goingback to June2014 (2,874 listings). • Condo inventorywasthefurthestabovethelong-run averageat44% (to 749 activelistings), folowed bydetached hom esat35% (to1,686)and townhom esat34% (to418). • M onthsofinventory(M O I)foral hom etypesrem ained in balanced m arketter itory,increasing to7.6 from 7.0 in April.D etached hom esrem ained in abuyers’m arketatan M O Iof9.0 (from 7.9 lastm onth),condosrem ained in balanceat6.3 (from 6.5),and townhom eswerein balanceat5.9 (from 5.3).
CENTRALOKANAGAN THERENNIEADVANCE inventory
MAY 2024
+ 46% vsM ay2023
1,000 1,250 1,500 1,750 2,000
1,686
1,253 10 yrM ayAvg
250 500 750
DETACHED inventory
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 35% vs10yrM ayAvg
﹍ 10 yrM ayAverage
● May
600
+ 49% vsM ay2023
500
400
418
300
313 10 yrM ayAvg
200
TOWNHOME inventory
100
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 34% vs10yrM ayAvg
﹍ 10 yrM ayAverage
● May
800
+ 54% vsM ay2023
700
749
600
500
400
520 10 yrM ayAvg
300
200
CONDO inventory
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100
+ 44% vs10yrM ayAvg
﹍ 10 yrM ayAverage
● May
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