highlights • Inventory in June 2021 in the Vancouver Region fell by 13% compared to June 2020. This decline was most prominent in townhome inventory (which fell 31%), followed by condos (down 15%), and finally detached homes (down 5%). • Compared to May 2021, inventory was down 7% in June–the first month-over-month decline in inventory in four months. Typically, inventory expands by 2% between May and June. • The sales-to-listings (S-L) ratio has remained entrenched in seller’s market territory for over a year in the Vancouver Region, with June 2021 recording an S-L ratio of 38%. For detached homes the S-L ratio was 30%, for townhomes 62%, and for condos 40%.
total listings THE RENNIE ADVANCE
JUNE
YV -XQ
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YV\U-XQ $YJ
DETACHED listings
-XQH
YV-XQ
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TOWNHOME listings
-XQH
YV-XQ
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YV\U-XQ $YJ
CONDO listings
-XQH
Copyright © 2021 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of July 2, 2021. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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