highlights • Total resale inventory in the Vancouver Region was lower on a year-over-year basis for the 14 th consecutive month in November (by 9%). For detached homes and townhomes, inventory was lower by 27% and 19% respectively, while condo inventory grew by 23% versus November 2019. • On a month-over-month basis, inventory fell in November across all home types: by 17% for detached homes, by 18% for townhomes, and by 12% for condos. • The overall sales-to-listings (S-L) ratio for the Vancouver Region increased to 32% in November, reflecting seller’s market conditions (where the S-L ratio is greater than 21%). All market segments were in seller’s market territory, with an S-L ratio of 34% for detached homes, 48% for townhomes, and 25% for condos.
total listings THE RENNIE ADVANCE
NOVEMBER
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DETACHED listings
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TOWNHOME listings
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CONDO listings
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Copyright © 2020 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 December 2, 2020. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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