highlights • ActiveM LS listingscontinued tobuild in M ay,up 14% m onth-over-m onth to2,678 (from 2,348 in April).Thiswasthem ostactivelistingsin anym onth sinceAugust2015 (2,792 listings)and the m ostforthem onth ofM aysince2015(3,084). • Relativeto thelong-run averageforM ay,inventorywas28% higheroveral.Condo inventorywas furthestaboveaverageat52% (to 850 listings),townhom eswere36% higher(to 263),and detached hom eswere17% higher(to1,399). • W ith thegrow th in salesand inventory rising in tandem w ith each other,them arketrem ained in selers’m arketter itorywith m onthsofinventory(M O I)flatat3.6.Al hom etypescontinued to favourselers:detached (3.7 M O I),townhom es(2.9),and condos(3.6).
GREATERVICTORIA THERENNIEADVANCE inventory
MAY 2024
2,500
+ 52% vsM ay2023
2,000
1,500
1,193 10 yrM ayAvg
1,399
1,000
DETACHED inventory
500
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 17% vs10yrM ayAvg
﹍ 10 yrM ayAverage
● May
600
+ 56% vsM ay2023
500
400
300
193 10 yrM ayAvg
263
200
TOWNHOME inventory
100
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 36% vs10yrM ayAvg
﹍ 10 yrM ayAverage
● May
1,000
+ 79% vsM ay2023
800
850
600
558 10 yrM ayAvg
400
CONDO inventory
200
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 52% vs10yrM ayAvg
﹍ 10 yrM ayAverage
● May
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