highlights • Therewere4,144 M LS salesin theVancouverRegion in M ay,down 1.8% m onth-over-m onth versusthetypical5% April-to-M ayincrease.Townhom eand condosalesdrovethem onthly decline(down 6% and 5%,respectively),whilesalesofdetached hom eswereup 8%. • Salescountsin M aywere20% below theprior10-yearM ayaverage(of5,175 sales)led by detached hom es(-34% to1,395)and folowed bytownhom es(-16% to808)and condos(-12% to 1,785).Thiswasjustthethird tim ein 11yearsthatM aysalescam ein below the4,200m ark. • O n ayear-over-yearbasis,salesweredown 17% with al hom etypesseeing double-digit percentagedeclines:condosweredown them ostat21%,detached hom esweredown 15%,and townhom esweredown14%.
VANCOUVERREGION THERENNIEADVANCE sales
MAY 2024
4,000
- 15% vsM ay2023
3,500
3,000
2,500
2,000
2,123 10 yrM ayAvg
1,500
1,395
1,000
DETACHED sales
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500
- 34% vs10yrM ayAvg
﹍ 10 yrM ayAverage
● May
- 14% vsM ay2023
1,000 1,200 1,400 1,600
966 10 yrM ayAvg
200 400 600 800
808
TOWNHOME sales
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
- 16% vs10yrM ayAvg
﹍ 10 yrM ayAverage
● May
3,500
- 21% vsM ay2023
3,000
2,500
2,000
2,027 10 yrM ayAvg
1,500
1,785
1,000
CONDO sales
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500
- 12% vs10yrM ayAvg
﹍ 10 yrM ayAverage
● May
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