highlights • Com pared to January,inventorywashigherby11% in FebruaryasactiveM LS listingsreached 1,750.Thiswasam oresignificantincreasethan thetypicalJanuary-to-Februaryjum p of7%,and wasrelativelyconsistentacros hom etypes(asdetached hom einventorywasup by13%, townhom eswereup 12%,and condoswereup 8%). • O n ayear-over-yearbasis,inventorywas29% higher,with detached hom esand townhom esup by 23% and 26%,respectively,whilecondoswereup by40%. • M arketconditionsfavoured selersacros G reaterV ictoriain February,w ith therebeing 4.0 m onthsofinventory(M O I)supplying them arket.Al segm entsfavoured selers,in fact,with detached havingan M OIof4.4,townhom esat3.2,and condosat4.0.
GREATERVICTORIA THERENNIEADVANCE inventory
FEBRUARY 2024
2,500
+ 23% vsFeb2023
2,000
1,500
863 10 yrFebAvg
1,000
876
DETACHED inventory
500
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 2% vs10yrFebAvg
﹍ 10 yrFebruaryAverage
● February
600
+ 26% vsFeb2023
500
400
300
219 10 yrFebAvg
265
200
TOWNHOME inventory
100
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 21% vs10yrFebAvg
﹍ 10 yrFebruaryAverage
● February
1,000
+ 40% vsFeb2023
800
600
579
446 10 yrFebAvg
400
CONDO inventory
200
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 30% vs10yrFebAvg
﹍ 10 yrFebruaryAverage
● February
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