highlights • Therewere15,094activeM LS listingslastm onth,which wasup 11% from Februaryand exceeded thetypicalFebruary-to-M arch inventoryexpansion of8%.Inventoryin theVancouver Region was4% abovethepast-decadeaveragelastm onth. • Inventorywashigherforal hom etypeson am onth-over-m onth basis,with detached hom esup 12%,townhom esup 9%,and condosup 11%. • Theoveral m arketrem ained in selers’ter itoryin M arch,with 4.2 m onthsofinventory(M O I), down from 4.3 in February.N otably,thecondoand townhom esegm entscontinued tofavour selers,with M O Isofonly3.7 and 2.6,respectively;thedetached m arketwasbalanced,with an M OIof5.9.
VANCOUVERREGION THERENNIEADVANCE inventory
MARCH 2024
14,000
+ 33% vsM ar2023
12,000
10,000
8,000
6,938 10 yrM arAvg
6,000
6,465
4,000
DETACHED inventory
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2,000
- 7% vs10yrM arAvg
﹍ 10 yrM arch Average
● March
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500
+ 28.7% vsM ar2023
2,042 10 yrM arAvg
2,020
TOWNHOME inventory
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500
- 1% vs10yrM arAvg
﹍ 10 yrM arch Average
● March
12,000
+ 27% vsM ar2023
10,000
8,000
6,000
5,188 10 yrM arAvg
6,037
4,000
CONDO inventory
2,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 16% vs10yrM arAvg
﹍ 10 yrM arch Average
● March
Copyright© April2,2024renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofApril2,2024.Aldatafrom RealEstateBoardof GreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipient oftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained from aren ieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
5
Made with FlippingBook - professional solution for displaying marketing and sales documents online