highlights • Although overall inventory increased year-over-year by 9%, this was the 4th consecutive month where year-over-year increases in inventory have lessened. • Inventory for detached saw the only decrease year-over-year, falling 8%. Townhome and condo both increased by 29%. Compared to the 10-year July average, inventory levels were lower for detached and condo at 6% and 5% respectively, while rising 9% for townhomes. • Growing sales and slowly expanding inventories led the overall sales-to-listings (S-L) ratio to increase by 4%, settling into a balanced market (18%). Detached transitioned to a balanced market with an S-L ratio of 13% while the townhome and condo markets favoured sellers with S-L ratios of 21% and 22% respectively.
total listings THE RENNIE ADVANCE
JULY 2019
0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000
10yr Jul Avg 6,777
6,344
vs Jul 2018 8%
vs 10yr Jul Avg 6%
DETACHED listings
July
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
3,000
2,500
2,000
1,945
10yr Jul Avg 1,792
1,500
vs Jul 2018 29%
vs 10yr Jul Avg 9%
1,000
TOWNHOME listings
July
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 Jul Avg 5,862
5,563
vs 10yr Jul Avg 5%
vs Jul 2018 29%
CONDO listings
July
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
CurrentasofAugust2,2019.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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