highlights • Therewere2,020 activeM LS listingslastm onth.The13% increasefrom Januarywasm orethan thetypicalseasonalincreaseof8% ,with end-of-m onth listingssiting 21% abovethepast-decade Februaryaverageand 22% higherthan oneyearago. • O n am onth-over-m onth basis,inventoryforal hom etypesgrew:fordetached hom esitwasup 11%,fortownhom es13%,and forcondos19%.O n ayear-over-yearbasis,detached,townhom e, and condo inventorieswereal higher(by19%,33%,and 23%,respectively). • O veral m arketconditionsfavoured buyersin February,with 9.6 m onthsofinventory(M O I).The detached hom eand condo segm entsfavoured buyers,with M O Isof10.4 and 9.6 (respectively), whilethetownhom esegm entwasbalanced,with an M OIof7.8.
CENTRALOKANAGAN THERENNIEADVANCE inventory
FEBRUARY 2024
+ 19% vsFeb2023
1,000 1,250 1,500 1,750 2,000
941 10 yrFebAvg
1,070
250 500 750
DETACHED inventory
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
+ 14% vs10yrFebAvg
﹍ 10 yrFebruaryAverage
● February
600
+ 33% vsFeb2023
500
400
367
300
287 10 yrFebAvg
200
TOWNHOME inventory
100
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 28% vs10yrFebAvg
﹍ 10 yrFebruaryAverage
● February
800
+ 23% vsFeb2023
700
600
583
500
400
443 10 yrFebAvg
300
200
CONDO inventory
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100
+ 32% vs10yrFebAvg
﹍ 10 yrFebruaryAverage
● February
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