highlights • Totalinventoryfelto10,489homesinOctober,a13%declinerelativetoSeptember.Compared toOctober2020andtheOctober10-yearaverage,lastmonth’sinventorywasdownby41%and 43%,respectively. • Listingsweredownforalhometypesforathird-consecutivemonth.Inacordancewithlast month,thetownhomesegmentwasthemostconstrained,withlistingsdown57%versuslastyear andthe10-yearOctoberaverage,andby17%versuslastmonth.Detachedhomesandcondosalso experienceddeclinesinlistingsfromthistimelastyear,aswelasfromSeptember2021. • Thesales-to-listings(S-L)ratiohascontinuedtostronglyfavourselersinOctober,at50%.For detachedhomes,theS-Lratiowas40%,fortownhomesitwas90%,andforcondositwas51%-al higherthanSeptember’sreportedS-Lratios.
THERENNIEADVANCE total listings
OCTOBER 2021
14,000
-33% vsOct2020
12,000
10,000
8,000
8,931 10 yrOctAvg
6,000
4,000
4,741
DETACHED listings
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 0 2,000
-47% vs10yrOctAvg
﹍ 10 yrOctoberAverage
● October
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500
-57% vsOct2020
2,646 10 yrOctAvg
TOWNHOME listings
1,126
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 0 500
-57% vs10yrOctAvg
﹍ 10 yrOctoberAverage
● October
12,000
-43% vsOct2020
10,000
8,000
6,000
6,668 10 yrOctAvg
4,000
4,622
CONDO listings
2,000
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 0
-31% vs10yrOctAvg
﹍ 10 yrOctoberAverage
● October
Copyright©November1,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember1,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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