highlights • Therewere15,645 activeM LS listingslastm onth,which wasa6% decreasefrom O ctober— slightlym oreshrinkagethan thetypical8% contraction.Totallistingswere0.7% abovethe past-decadeN ovem beraverage(of15,537). • O n am onth-over-m onth basis,inventorywaslowerforal hom etypes:detached hom esby8%, townhom esby7%,and condosby3%.O n ayear-over-yearbasis,detached,townhom e,and condo inventorywereal higherby18%,0.3%,and 15%,respectively. • Theoveral m arketrem ained in balanced ter itoryin N ovem berwith 6.2 m onthsofinventory (M O I).N otably,thetownhom esegm entactualyfavoured selers,with an M O Iof4.2,whilein contrastthecondom arketwasbalanced with an M O Iof5.3 and thedetached m arketfavoured buyers,with an M O Iof8.4.
VANCOUVERREGION THERENNIEADVANCE inventory
NOVEMBER 2023
14,000
+ 18% vsN ov2022
12,000
10,000
8,000
7,350 10 yrNovAvg
6,000
7,014
4,000
DETACHED inventory
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2,000
- 5% vs10yrN ovAvg
● November ﹍ 10 yrN ovem berAverage
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500
+ 0.3% vsN ov2022
2,185 10 yrNovAvg
2,003
TOWNHOME inventory
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500
- 5% vs10yrN ovAvg
● November ﹍ 10 yrN ovem berAverage
12,000
+ 15% vsN ov2022
10,000
8,000
6,000
5,588 10 yrNovAvg
6,064
4,000
CONDO inventory
2,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
+ 9% vs10yrN ovAvg
● November ﹍ 10 yrN ovem berAverage
Copyright© Decem ber1,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofDecem ber1,2023.Aldatafrom RealEstate BoardofGreaterVancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.The recipientoftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E.
●
5
Made with FlippingBook - professional solution for displaying marketing and sales documents online