highlights • Therewere2,219 activeM LS listingslastm onth— a4% declinefrom O ctober.Thisdrop wasles than thetypicalseasonal11% shrinkagein totallistings,with end-of-m onth listingssiting 25% abovethepast-decadeN ovem beraverage(of1,768)and 23% higherthan oneyearago. • O n am onth-over-m onth basis,inventorywaslowerfordetached hom esby10%,m eanwhile townhom esand condosbucked theseasonaltrend asinventorygrew by1.5% and 6%,respectively. O n ayear-over-yearbasis,detached,townhom e,and condo inventorieswereal higher— by21%, 18% ,and 29% ,respectively. • O veral m arketconditionsfavoured buyersin N ovem ber,with 11.0 m onthsofinventory(M O I). Al segm entsfavoured buyers:detached (with an M O Iof11.3),townhom e(10.5),and condo (10.7).
CENTRALOKANAGAN THERENNIEADVANCE inventory
NOVEMBER 2023
+ 21% vsN ov2022
1,000 1,250 1,500 1,750 2,000
1,241
1,020 10 yrNovAvg
250 500 750
DETACHED inventory
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
+ 22% vs10yrN ovAvg
● November ﹍ 10 yrN ovem berAverage
600
+ 18% vsN ov2022
500
400
400
300
303 10 yrNovAvg
200
TOWNHOME inventory
100
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
+ 35% vs10yrN ovAvg
● November ﹍ 10 yrN ovem berAverage
800
+ 29% vsN ov2022
700
600
578
500
400
445 10 yrNovAvg
300
200
CONDO inventory
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100
+ 30% vs10yrN ovAvg
● November ﹍ 10 yrN ovem berAverage
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