the rennie advance - May 2022

highlights • Despitetotalinventoryexpandingforthe5th-consecutivemonth(withApril’sstockmost recentlyup16%vsMarch),the13,475MLSlistingsacrostheregionlastmonthwerethe 3rd-lowestAprilinventoryonrecord.Inventorywasalso25%lowerthanthe10-yearApril average,and14%belowthelevelinApril2021. • Onamonth-over-monthbasis,inventoryincreasedthemostfortownhomes,at19%,butalso increasedforbothdetachedhomesandcondos(by15%each).ComparedtoApril2021, townhomelistingswererelativelyunchanged(upbyonly0.8%),whereascondolistingswere19% lowerandthecountofavailabledetachedhomeswasdown14%. • April’ssales-to-listings(S-L)ratiosweresubstantialylowerthaninMarch,thoughoveral conditionscontinuetofavourselers,withS-Lratiosof48%,44%,and25%forcondos, townhomes,anddetachedhomes,respectively.

THERENNIEADVANCE total listings

APRIL 202

14,000

-14% vsApr2021

12,000

10,000

8,000

6,331

8,675 10 yrAprAvg

6,000

4,000

DETACHED listings

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 0 2,000

-27% vs10yrAprAvg

﹍ 10 yrAprilAverage

● April

1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500

+0.8% vsApr2021

2,048

2,580 10 yrAprAvg

TOWNHOME listings

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 0 500

-21% vs10yrAprAvg

﹍ 10 yrAprilAverage

● April

12,000

-19% vsApr2021

10,000

8,000

6,000

6,319 10 yrAprAvg

4,704

4,000

CONDO listings

2,000

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 0

-26% vs10yrAprAvg

﹍ 10 yrAprilAverage

● April

Copyright©May2,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay2,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

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