highlights • Therewere1,794 activeM LS listingslastm onth,a3% declinefrom D ecem ber.Thisdrop ran counterto thetypicalseasonalincreaseof6% ,with end-of-m onth listingsstil siting 16% above thepast-decadeD ecem beraverage(of1,551)and 18% higherthan oneyearago. • O n am onth-over-m onth basis,inventoryforal hom etypesdeclined:detached hom eand townhom einventorywereboth down by4%,whilecondoinventorywasdown by1.2%.On a year-over-yearbasis,detached,townhom e,and condo inventorieswereal higher(by17% ,30% , and 13% ,respectively). • O veral m arketconditionsfavoured buyersin D ecem ber,with 11.1 m onthsofinventory(M O I). Each segm entalsofavoured buyers:detached M O Iwas12.1,townhom eM O Iwas11.2,and condoM OIwas9.6.
CENTRALOKANAGAN THERENNIEADVANCE inventory
JANUARY2024
+ 17% vsJan2023
1,000 1,250 1,500 1,750 2,000
869 10 yr Jan Avg
967
250 500 750
DETACHED inventory
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
+ 11% vs10yrJanAvg
﹍ 10 yrJanuaryAverage
● January
600
+ 30% vsJan2023
500
400
300
269 10 yr Jan Avg
337
200
TOWNHOME inventory
100
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 26% vs10yrJanAvg
﹍ 10 yrJanuaryAverage
● January
800
+ 13% vsJan2023
700
600
500
490
400
414 10 yr Jan Avg
300
200
CONDO inventory
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100
+ 18% vs10yrJanAvg
﹍ 10 yrJanuaryAverage
● January
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