highlights • ActiveM LS listingsfel 3% m onth-over-m onth to 21,698,alitleles than thetypical5% Septem ber-to-O ctoberdecline.Totalinventorywasup 31% from lastO ctoberand m arked the m ostin anyO ctobersince2013 (22,488 listings). • Totalinventorywas33% aboveitsprior10-yearaverage(of16,296).Condoinventory(8,526 listings)wasthefurthestaboveaverageat47%,folowed bytownhom es(+35%,to3,077)and detached hom es(+19%,to9,205). • H ighersalesand lowerinventoryled toasharp drop in m onthsofinventory(M O I)to5.6 from 8.1 in Septem ber.Both thetownhom eand condosegm entsfel intoselers’m arketswith M O Isof4.2 and 4.8,respectively,whilethedetached segm entwasin balancewith an M O Iof7.6.
VANCOUVERREGION THERENNIEADVANCE inventory
OCTOBER 2024
14,000
+ 23% vsOct2023
12,000
10,000
8,000
9,205
7,712 10 yrOctAvg
6,000
4,000
DETACHED inventory
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2,000
+ 19% vs10yrOctAvg
﹍ 10 yrO ctoberAverage
● October
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500
+ 43% vsOct2023
3,077
2,279 10 yrOctAvg
TOWNHOME inventory
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500
+ 35% vs10yrOctAvg
﹍ 10 yrO ctoberAverage
● October
12,000
+ 37% vsOct2023
10,000
8,000
8,526
6,000
5,820 10 yrOctAvg
4,000
CONDO inventory
2,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 47% vs10yrOctAvg
﹍ 10 yrO ctoberAverage
● October
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