highlights • Total listings (inventory) across the Vancouver Region fell to 11,900 in February 2021, its lowest level in any month since January 2018. • Overall, last month’s inventory was 20% below that of February 2020. It was particularly constrained for ground-oriented homes, with year-over-year inventory down 31% for detached homes and 36% for townhomes. Condo inventory, though down 13% versus January, was up 3% versus February of last year. • The Vancouver Region remained in seller’s market territory for the 9 th consecutive month in February, with the sales-to-listings (S-L) ratio rising to 54% (the highest S-L ratio since April 2016). Conditions continue to favour sellers across all segments of the market, with the S-L ratio for detached at 50%, townhomes at 94%, and condos at 45%.
total listings THE RENNIE ADVANCE
FEBRUARY
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DETACHED listings
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TOWNHOME 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 March 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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