highlights • Therewere2,386 activeM LS listingslastm onth— a3% decreasefrom Septem ber.Thisdecline w asles than thetypicalseasonal5% shrinkagein totallistings,w ith end-of-m onth listingssit ing 15% abovethepast-decadeO ctoberaverage(of2,083)and 18% higherthan oneyearago. • O n am onth-over-m onth basis,inventoryforal hom etypeswaslower:detached inventorywas downby3%,townhom einventorywasdown4%,andcondoinventorywasdown0.5%.On a year-over-yearbasis,detached,townhom e,and condo inventorieswereal higher— by22% ,11% , and 16% ,respectively. • O veral m arketconditionsfavoured buyersin O ctober,with 9.1 m onthsofinventory(M O I).The detached and townhom esegm entseach favoured buyers,with M O Isof10.6 and 8.0,respectively, whilethecondosegm entwasbalanced,with an M OIof7.1.
CENTRALOKANAGAN THERENNIEADVANCE inventory
OCTOBER 2023
+ 22% vsOct2022
1,000 1,250 1,500 1,750 2,000
1,435
1,152 10 yrOctAvg
250 500 750
DETACHED inventory
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
+ 25% vs10yrOctAvg
﹍ 10 yrO ctoberAverage
● October
600
+ 11% vsOct2022
500
400
408
300
346 10 yrOctAvg
200
TOWNHOME inventory
100
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
+ 1% vs10yrOctAvg
﹍ 10 yrO ctoberAverage
● October
800
+ 15.8% vsOct2022
700
600
500
543
400
484 10 yrOctAvg
300
200
CONDO inventory
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100
+ 12% vs10yrOctAvg
﹍ 10 yrO ctoberAverage
● October
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