highlights • Therewere19,818activeM LS listingslastm onth,which wasup 10% m onth-over-m onth and 18% abovetheprior10-yearM ayaverageof16,734 activelistings.Thiswasthehighestlevelin anym onth sinceAugust2019 (20,129 listings)and thehighestlevelforthem onth ofM aysince 2019(21,474listings). • Inventorywasfurthestabovethepast10-yearM ayaverageforcondos(+33% to7,730),folowed bytownhom es(+17% to2,776)and detached hom es(+5% to8,482). • Theoveral m arketcontinued tofavourselersin M aywith 4.8 m onthsofinventory(M O I),up from 4.3 in April.N otably,thecondoand townhom esegm entscontinued tofavourselers,with M O Isof4.3 and 3.4,respectively;thedetached m arketwasbalanced,with an M O Iof6.1.
VANCOUVERREGION THERENNIEADVANCE inventory
MAY 2024
14,000
+ 42% vsM ay2023
12,000
10,000
8,000
8,482
8,078 10 yrM ayAvg
6,000
4,000
DETACHED inventory
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2,000
+ 5% vs10yrM ayAvg
﹍ 10 yrM ayAverage
● May
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500
+ 55% vsM ay2023
2,776
2,382 10 yrM ayAvg
TOWNHOME inventory
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500
+ 17% vs10yrM ayAvg
﹍ 10 yrM ayAverage
● May
12,000
+ 58% vsM ay2023
10,000
8,000
7,730
6,000
5,812 10 yrM ayAvg
4,000
CONDO inventory
2,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 33% vs10yrM ayAvg
﹍ 10 yrM ayAverage
● May
Copyright© June3,2024renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofJune3,2024.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.
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