highlights • Therewere16,618 activeM LS listingslastm onth— thehighestofanym onth sinceO ctober 2020.Com pared to Septem ber,inventoryincreased in O ctober(by1.7%),which ran counterto thetypical5% contraction.Though totallistingsrem ained 2% below thepast-decadeO ctober average(of16,910)lastm onth,theywerestil 13% higherthan oneyearago. • O n am onth-over-m onth basis,inventorywashigherfortownhom es(by3%)and condos(by4%), howeverdetached hom einventorywas1.1% les .O n ayear-over-yearbasis,detached and condo inventorywerehigherby18% and 13%,respectively,whiletownhom einventorywas0.4% lower. • Theoveral m arketrem ained in balanced ter itoryin Septem berwith 5.7 m onthsofinventory (M O I).Thetownhom eand condosegm entssim ilarlyfavoured selers,with M O Isof4.2 and 4.6, respectively,whilethedetached m arketfavoured buyers,with an M O Iof8.0.
VANCOUVERREGION THERENNIEADVANCE inventory
OCTOBER 2023
14,000
+ 18% vsOct2022
12,000
10,000
8,000
8,077 10 yrOctAvg
7,649
6,000
4,000
DETACHED inventory
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2,000
- 5% vs10yrOctAvg
﹍ 10 yrO ctoberAverage
● October
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500
- vsOct2022
2,401 10 yrOctAvg
2,153
TOWNHOME inventory
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500
+ 3% vs10yrOctAvg
﹍ 10 yrO ctoberAverage
● October
12,000
+ 13.0% vsOct2022
10,000
8,000
6,000
5,997 10 yrOctAvg
6,247
4,000
CONDO inventory
2,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
+ 4% vs10yrOctAvg
﹍ 10 yrO ctoberAverage
● October
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