highlights • M LS listingstotaled 14,297lastm onth— thelowesttalyforanyJunesince2017.D espitethe8% supply expansion betw een M ay and June(exceeding them oretypical2% increase),totallistings were22% below thepast-decadeJuneaverage(of18,288),and 12% below June2022. • O n am onth-over-m onth basis,inventorywashigherforal hom etypesin June,with detached listingsincreasingthem ost(by11%),folowed bycondos(by6%),and townhom es(by3%).O n a year-over-yearbasis,inventorywaslowerforal hom etypes:townhom esby26%,detached hom es by11%,and condosby8%. • O veral,therewere3.0 m onthsofinventory(M O I)in June,thefifth consecutivem onth where conditionsfavoured selers.This(onceagain)rem ained trueforal hom e-typem arketsegm ents, withadetached M OIof4.2,acondoM OIof2.4,and atownhom eM OIof1.9.
THERENNIEADVANCE total listings
JUNE 2023
14,000
- 11% vsJun 2022
12,000
10,000
8,000
6,761
8,901 10 yrJun Avg
6,000
4,000
DETACHED listings
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2,000
- 24% vs10yrJun Avg
﹍ 10yrJuneAverage
● June
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500
- 26% vsJun 2022
1,836
2,637 10 yrJun Avg
TOWNHOME listings
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500
- 30% vs10yrJun Avg
﹍ 10yrJuneAverage
● June
12,000
- 8% vsJun 2022
10,000
8,000
6,000
6,309 10 yrJun Avg
5,203
4,000
CONDO listings
2,000
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
- 18% vs10yrJun Avg
﹍ 10yrJuneAverage
● June
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