highlights • M LS listingstotaled 13,268 lastm onth,with the11% increaseoverApril’sinventoryexceeding them oretypical6% expansion observed betw een A priland M ay.D espitethis,activelistings rem ained 26% below thepast-decadeaverageforthem onth,and 14% lowerthan in M ay2022. Lastm onth’sinventorywasalsothethird-lowestM aycounteverrecorded (goingback to1990). • O n am onth-over-m onth basis,detached hom elistingswereup them ost(by17%),folowed by townhom es(up by13%),and condo listings(up by3%).O n ayear-over-yearbasis,listingcounts foralhom etypesweredown— them ostfortownhom es(26%),folowed bydetached hom es (down 15%),and then condos(down 9%). • O veral,therewere2.6 m onthsofinventory(M O I)in M ay,thefourth consecutivem onth to favourselers.Thisrem ained trueforeach ofthehom e-typem arketsegm ents,with adetached M OIof3.6,atownhom eM OIof1.9,andacondoM OIof2.2.
THERENNIEADVANCE total listings
MAY 2023
14,000
- 15% vsM ay2022
12,000
10,000
8,000
6,114
8,749 10 yrM ayAvg
6,000
4,000
DETACHED listings
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2,000
- 30% vs10yrM ayAvg
﹍ 10 yrM ayAverage
● May
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500
- 26% vsM ay2022
2,586 10 yrM ayAvg
1,789
TOWNHOME listings
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500
- 31% vs10yrM ayAvg
﹍ 10 yrM ayAverage
● May
12,000
- 9% vsM ay2022
10,000
8,000
6,000
6,204 10 yrM ayAvg
4,000
4,924
CONDO listings
2,000
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
- 21% vs10yrM ayAvg
﹍ 10 yrM ayAverage
● May
Copyright© June1,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofJune1,2023.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.
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