highlights • Therewere14,735M LS listingslastm onth— thefewestin anyAugustsince2017and thefifth-loweston record (since1990).Com pared to July,inventoryfel m arginalyin August(by0.2%),afraction ofthem ore typical3% decline.Totallistingsattheend oflastm onth,however,were16% below thepast-decadeAugust average(of17,645),and 1.2% lowerthan oneyearago. • O n am onth-over-m onth basis,detached inventorywashigherby2%,whereascondoinventorywaslowerby 3%,whiletownhom einventorywasunchanged.O n ayear-over-yearbasis,detached and condo inventory werehigherby2% and 0.6%,respectively,whiletownhom einventorywas16% lower. • Theoveral m arketfavoured selerswith 4.2 m onthsofinventory(M O I)in August.Thetownhom eand condo m arketsalso favoured selers,w ith M O Isof2.8 and 3.1,respectively,w hilethedetached m arketrem ained balanced with an M O Iof6.8.Both thedetached and townhom esegm entssaw an expansion ofM O Iin August,whilethecondom arket’sM OIwasunchanged.
THERENNIEADVANCE total listings
AUGUST 2023
14,000
+ 2% vsAug2022
12,000
10,000
8,000
8,629 10 yrAugAvg
6,000
7,117
4,000
DETACHED listings
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2,000
- 18% vs10yrAugAvg
﹍ 10yrAugustAverage
● August
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500
- 16% vsAug2022
2,526 10 yrAugAvg
1,884
TOWNHOME listings
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500
- 25% vs10yrAugAvg
﹍ 10yrAugustAverage
● August
12,000
+ 0.6% vsAug2022
10,000
8,000
6,000
6,063 10 yrAugAvg
5,265
4,000
CONDO listings
2,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
- 13% vs10yrAugAvg
﹍ 10yrAugustAverage
● August
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