highlights • N ew M LS listingstotaled 6,924 in February,an increaseof15% com pared tothepreviousm onth thatwasgreaterthan thetypical8% jum p between Januaryand February.W ith apast10-year averagefornew listingsin Februaryof7,021,thism ostrecentm onth’stotalwas1.4% lower. • Therewererelativelyconsistentchangesin m onth-to-m onth new listingsbyhom etype,with new detached listingsup 19% (to2,462),townhom elistingsup 17% (to1,173),and condolistingsup 13% (to3,057). • Theyear-over-yearchangein new listingsin February,at32%,wasthehighestsinceM ay2020 to M ay2021.Sim ilartotheobserved m onth-over-m onth changes,each hom etypesegm ent registered aconsistentincreasecom pared to lastyear,w ith detached hom esand condoseach up 32%,whiletownhom eswereup 34%.
VANCOUVERREGION THERENNIEADVANCE new listings
FEBRUARY 2024
7,000
+ 32% vsFeb2023
6,000
5,000
4,000
3,036 10 yrFebAvg
3,000
2,000
2,462
DETACHED new listings
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1,000
- 19% vs10yrFebAvg
﹍ 10 yrFebruaryAverage
● February
+ 34% vsFeb2023
2,500
2,000
1,500
1,176 10 yrFebAvg
1,000
1,173
TOWNHOME new listings
500
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
- vs10yrFebAvg
﹍ 10 yrFebruaryAverage
● February
5,000
+ 32% vsFeb2023
4,000
3,000
3,057
2,654 10 yrFebAvg
2,000
CONDO new listings
1,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 15% vs10yrFebAvg
﹍ 10 yrFebruaryAverage
● February
Copyright© March1,2024renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofMarch1,2024.Aldatafrom RealEstateBoardof GreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipient oftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained from aren ieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
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