highlights • Therewere1,558 activeM LS listingslastm onth— down 24% com pared toN ovem ber,and by slightlym orethan thetypicalseasonalcontraction of22%.Totallistingsattheend oflastm onth were18% abovethepast-decadeD ecem beraverage(of1,323),and were31% higherthan oneyea. • O n am onth-over-m onth basis,inventoryforal hom etypesdeclined:detached hom einventory wasdown by26%,whiletownhom eand condoinventoryweredown by22% and 21% respectively. O n ayear-over-yearbasis,detached,townhom e,and condo inventorieswereal higher(by22%, 29% ,and 49% ,respectively). • O veral conditionswerebalanced in D ecem ber,with therebeing5.4 m onthsofinventory(M O I) supplyingthem arket.Thedetached and condosegm entswerebalanced,with M O Isof6.0 and 5.3,respectively,whilethetownhom esegm entfavoured selers,with an M O Iof4.4.
GREATERVICTORIA THERENNIEADVANCE inventory
DECEMBER 2023
2,500
+ 22% vsD ec2022
2,000
1,500
760 10 yrDecAvg
1,000
DETACHED inventory
798
500
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
+ 5% vs10yrD ecAvg
● December ﹍ 10 yrD ecem berAverage
600
+ 29% vsD ec2022
500
400
300
184 10 yrDecAvg
200
224
TOWNHOME inventory
100
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
+ 22% vs10yrD ecAvg
● December ﹍ 10 yrD ecem berAverage
1,000
+ 49% vsD ec2022
800
600
379 10 yrDecAvg
536
400
CONDO inventory
200
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
+ 41% 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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