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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