THE RENNIE ADVANCE new listings
highlights • There were 8,005 new MLS listings last month, which was a 28% increase compared to August. This is over and above the typical August-to-September increase of 18%, with last month’s new listings coming in at 5% more than the past-decade September average (of 7,639), and 24% higher than one year ago. • On a month-over-month basis, new listings for all home types were higher: detached listings were up by 27% (to 3,046), townhome listings were up by 26% (to 1,568) and condo listings were up 31% (to 3,391). • September’s new listings were up on a year-over-year basis for all home types as well, with detached listings 28% higher than last September, while townhome and condo listings were 20% and 23% higher, respectively.
SEPTEMBER 2023
7,000
+ 28% vs Sep 2022
6,000
5,000
4,000
3,242 10 yr Sep Avg
3,000
3,046
2,000
DETACHED new listings
0 1,000
- 6% vs 10yr Sep Avg
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
﹍ 10 yr September Average
● September
+ 16% vs Sep 2022
2,500
2,000
1,500
1,260 10 yr Sep Avg
1,305
1,000
TOWNHOME new listings
500
0
+ 4% vs 10yr Sep Avg
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
﹍ 10 yr September Average
● September
5,000
+ 22.8% vs Sep 2022
4,000
3,000
3,391
2,954 10 yr Sep Avg
2,000
CONDO new listings
1,000
0
+ 15% vs 10yr Sep Avg
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
﹍ 10 yr September Average
● September
Copyright © October 3, 2023 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 October 3, 2023. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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