highlights • On a year-over-year basis, total listings in the Greater Vancouver board area fell for the 7th straight month in April, by 37%. Compared to April 2019, detached listings were down 39%, townhomes were down 38%, and condos were down 34%. • Compared to March 2020, total listings were 7% lower in April for detached homes, 6% lower for townhomes, and 5% lower for condos; this contrasts with the 10-year March- to-April average in which detached and townhome listings rose by 9% and condos rose by 8%. • On the back of falling sales, the detached home segment now favours buyers, while the townhome and condo markets are balanced.
total listings THE RENNIE ADVANCE
APRIL 2020
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DETACHED listings
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TOWNHOME listings
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CONDO listings
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Copyright © 2020 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 May 4, 2020. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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