highlights • For the 5 th consecutive month the year-over-year expansion of housing inventory across the Greater Vancouver board area slowed (to 4% in August). Compared to July 2019, total listings actually fell by 9% in August. • Detached inventory was 11% smaller than in August 2018, while townhome and condo inventories were up 21% and 23%, respectively, compared to one year ago. Inventory levels for all product types are now mostly consistent with long-run historical averages. • The detached and townhome segments of the market remained balanced in August with a sales-to-listing ratio of 12% and 19%, respectively. The condo market, however, continued to favour sellers, with a 22% sales-to-listings ratio.
total listings THE RENNIE ADVANCE
AUGUST 2019
0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000
10yr Aug Avg 6,569
6,013
vs Aug 2018 11%
vs 10yr Aug Avg 8%
DETACHED listings
August
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
3,000
2,500
2,000
1,821
10yr Aug Avg 1,735
1,500
vs Aug 2018 21%
1,000
vs 10yr Aug Avg 5%
TOWNHOME listings
August
500
0
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000
10yr Aug Avg 5,614
5,182
vs Aug 2018 23%
vs 10yr Aug Avg 8%
CONDO listings
August
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
CurrentasofSeptember3,2019.Alldata from theRealEstateBoardofGreaterVancouver.The informationsetoutherein (the “Information”) is intended for informationalpurposesonly.RAR&RMShasnotverified the informationanddoesnot represent, warrantorguarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipient of the informationshould takestepsas the recipientmaydeemnecessary toverify the informationprior toplacingany relianceupon the information.The informationmaychangeany timewithoutnoticeorobligation to the recipient fromRAR&RMS.
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