highlights • Therewere1,876 activeM LS listingslastm onth— a16% declinefrom N ovem ber.Thisdrop was slightlyles than thetypicalseasonaldeclineof17%,with end-of-m onth listingssiting 28% above thepast-decadeD ecem beraverage(of1,467)and 30% higherthan oneyearago. • O n am onth-over-m onth basis,inventoryforal hom etypesdeclined:detached hom einventory wasdown by18%,whiletownhom eand condoinventoryweredown by9% and 14% respectively. O n ayear-over-yearbasis,detached,townhom e,and condo inventorieswereal higher(by23%, 48% ,and 3% ,respectively). • O veral m arketconditionsfavoured buyersin D ecem ber,with 12.2 m onthsofinventory(M O I). Each segm entalsofavoured buyers:detached M O Iwas12.5,and townhom eand condowereeach 11.8.
CENTRALOKANAGAN THERENNIEADVANCE inventory
DECEMBER 2023
+ 23% vsD ec2022
1,000 1,250 1,500 1,750 2,000
839 10 yrDecAvg
1,014
250 500 750
DETACHED inventory
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
+ 21% vs10yrD ecAvg
● December ﹍ 10 yrD ecem berAverage
600
+ 48% vsD ec2022
500
400
366
300
248 10 yrDecAvg
200
TOWNHOME inventory
100
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
+ 48% vs10yrD ecAvg
● December ﹍ 10 yrD ecem berAverage
800
+ 33% vsD ec2022
700
600
500
496
400
380 10 yrDecAvg
300
200
CONDO inventory
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100
+ 30% vs10yrD ecAvg
● December ﹍ 10 yrD ecem berAverage
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