highlights • Therewere13,635 activeM LS listingslastm onth,which wasup 12% from January(exceedingthe typicalJanuary-to-Februaryinventoryexpansion of8%).Inventoryin theVancouverRegion was 0.5% abovethepast-decadeaverage. • Inventorywashigherforal hom etypeson am onth-over-m onth basis,with detached hom esup 11%,townhom esup 17%,and condosup 12%. • Theoveral m arketm oved back into selers’ter itoryin February,with 4.3 m onthsofinventory (M O I).N otably,thecondoand townhom esegm entscontinued tofavourselers,with M O Isof only3.6 and 3.1,respectively;thedetached m arketwasbalanced,with an M O Iof5.8.
VANCOUVERREGION THERENNIEADVANCE inventory
FEBRUARY 2024
14,000
+ 22% vsFeb2023
12,000
10,000
8,000
6,419 10 yrFebAvg
6,000
5,839
4,000
DETACHED inventory
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2,000
- 9% vs10yrFebAvg
﹍ 10 yrFebruaryAverage
● February
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500
+ 21.2% vsFeb2023
1,884 10 yrFebAvg
1,852
TOWNHOME inventory
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500
- 2% vs10yrFebAvg
﹍ 10 yrFebruaryAverage
● February
12,000
+ 18% vsFeb2023
10,000
8,000
6,000
4,922 10 yrFebAvg
5,428
4,000
CONDO inventory
2,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 10% 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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