highlights • Overall, housing inventory remained constrained throughout the Vancouver Region in May. For example, on a year-over-year basis, total listings were lower by 0.3%, with this decrease being driven by the townhome and condo segments of the market (with listings down 18% and 4%, respectively). In comparison, detached inventory expanded by 9% compared to May 2020. • Last month’s inventory remained well below the historical May average for all home types, with detached listings down 24%, townhomes down 32%, and condos down 18%. • The sales-to-listings (S-L) decreased for a 3 rd consecutive month, falling from 48% in April 2021 to 44% in May 2021. That said, conditions continue to favour sellers across the Vancouver Region with the S-L ratio for detached homes sitting at 35%, townhomes at 69%, and condos at 47%.
total listings THE RENNIE ADVANCE
MAY
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DETACHED listings
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TOWNHOME listings
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CONDO listings
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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 June 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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