VANCOUVER REGION THE RENNIE ADVANCE new listings
highlights • There were 2,046 new MLS listings last month—60% fewer than in November. This drop was not only greater than the typical November-to-December decline of 48%, but last month’s new listings were 25% fewer than the past-decade December average (of 2,708). That said, new listings were 13% higher than in what was a sluggish December 2022. • On a month-over-month basis, new listings for all home types were consistently lower: detached listings were down by 61% (to 677), townhome listings were down by 62% (to 326), and condo listings were down by 60% (to 951). • There were 76,824 new MLS listings in the Vancouver Region in 2023, 9% fewer than in 2022, 10% below the past-decade average of 84,942, and the lowest annual total since 2005.
DECEMBER 2023
7,000
+ 14% vs Dec 2022
6,000
5,000
4,000
1,097 10 yr Dec Avg
3,000
2,000
DETACHED new listings
0 1,000
2023 677
- 38% vs 10yr Dec Avg
2014
2015
2016
2017
2018
2019
2020
2021
2022
﹍ 10 yr December Average
● December
+ 1% vs Dec 2022
2,500
2,000
1,500
446 10 yr Dec Avg
1,000
TOWNHOME new listings
500
2023 326
0
- 27% vs 10yr Dec Avg
2014
2015
2016
2017
2018
2019
2020
2021
2022
﹍ 10 yr December Average
● December
5,000
+ 15% vs Dec 2022
4,000
3,000
1,107 10 yr Dec Avg
2,000
CONDO new listings
1,000
951
0
- 14% vs 10yr Dec Avg
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
﹍ 10 yr December Average
● December
Copyright © January 2, 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of January 2, 2024. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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