highlights • Therewere323new M LS listingslastm onth,which wasa59% declinecom pared toN ovem ber. Thedeclinewasnotablygreaterthan thetypicalN ovem ber-to-D ecem bercontraction of48%, with D ecem ber’snew listingssiting 9% below thepast-decadeD ecem beraverage(of355).That said,new listingswere13% higherthan in whatwasasluggish D ecem ber2022. • O n am onth-over-m onth basis,new listingsforal hom etypeswerelower:detached listingswere down by58% (to154),townhom elistingsweredown by60% (to52),and condolistingswere down 59% (to117). • Therewere11,014new M LS listingsin GreaterVictoriain 2023,which was1.9% fewerthan in 2022,4% below thepast-decadeaverageof11,504,and thelowestannualtotalsince2018.
GREATERVICTORIA THERENNIEADVANCE new listings
DECEMBER 2023
1,000
+ 4% vsD ec2022
800
600
178 10 yrDecAvg
400
DETACHED new listings
200
154
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
- 13% vs10yrD ecAvg
● December ﹍ 10 yrD ecem berAverage
+ 11% vsD ec2022
250
200
150
55 10 yrDecAvg
100
TOWNHOME new listings
50
52
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
- 6% vs10yrD ecAvg
● December ﹍ 10 yrD ecem berAverage
500
+ 4% vsD ec2022
400
300
122 10 yrDecAvg
200
CONDO new listings
100
117
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
- 4% vs10yrD ecAvg
● December ﹍ 10 yrD ecem berAverage
Copyright© January2,2024renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftheren iegroupofcom panies.CurentasofJanuary2,2024.Aldatafrom theVictoriaReal EstateBoard& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.ren iegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ation shouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom aren ieand as ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
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