highlights • The3% increasein totalM LS listingsin theVancouverRegion between Februaryand M arch (11,758)waslowerthan thetypicalseasonalincreaseof7%.O veral,M arch’sinventorywas25% below thepast10-yearaverageof15,622. • O n am onth-over-m onth basis,detached hom einventoryroseby4% (to 5,016 listings),closely folowed bycondoinventory,which roseby3% (to4,755).Townhom einventoryroseby2% (to 1,563).O n ayear-over-yearbasis,detached hom eand townhom einventoriesweredown them ost, at9%,whilecondolistingswereactualyup by16%. • O veral,therewere2.9 m onthsofinventory(M O I)in M arch,which wasasignificantdeclinefrom February’sM O Iof4.2.Them arket,on thewhole,stronglyfavoured selers,asdid them arketsof each hom etype:thedetached hom em arkethad 3.8M OI,thecondom arket2.6,and townhom e m arket2.1.
THERENNIEADVANCE total listings
MARCH 2023
14,000
- 9% vsM ar2022
12,000
10,000
8,000
7,529 10 yrM arAvg
6,000
4,000
5,016
DETACHED listings
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 0 2,000
- 33% vs10yrM arAvg
﹍ 10 yrM arch Average
● March
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500
- 9% vsM ar2022
2,224 10 yrM arAvg
1,563
TOWNHOME listings
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 0 500
- 30% vs10yrM arAvg
﹍ 10 yrM arch Average
● March
12,000
+ 16% vsM ar2022
10,000
8,000
6,000
5,508 10 yrM arAvg
4,000
4,755
CONDO listings
2,000
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 0
- 14% vs10yrM arAvg
﹍ 10 yrM arch Average
● March
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