highlights • ActiveM LS listingsdeclined forthesecond consecutivem onth to2,527 in August,down 6% m onth-over-m onth and down 9% from them ostrecentpeakof2,791in June. • Inventoryrem ained elevated at25% abovetheprior10-yearAugustaverage(of2,016),led by condos(+47% to760),and folowed bytownhom es(+19% to229)and detached hom es(+18% to 1,372). • Them arketrem ained favourabletoselersin Augustwith 4.8 m onthsofinventory(M O I),up from 4.4 in July.Thecondoand townhom esegm entscontinued tofavourselerswith M O Isof4.2 and 3.1,respectively,whiledetached wasbalanced with an M O Iof5.7.
GREATERVICTORIA THERENNIEADVANCE inventory
AUGUST2024
2,500
+ 24% vsAug2023
2,000
1,500
1,160 10 yrAugAvg
1,372
1,000
DETACHED inventory
500
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 18% vs10yrAugAvg
﹍ 10yrAugustAverage
● August
600
+ 25% vsAug2023
500
400
300
193 10 yrAugAvg
200
229
TOWNHOME inventory
100
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 19% vs10yrAugAvg
﹍ 10yrAugustAverage
● August
1,000
+ 51% vsAug2023
800
760
600
518 10 yrAugAvg
400
CONDO inventory
200
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 47% vs10yrAugAvg
﹍ 10yrAugustAverage
● August
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