highlights • Forthesecond consecutivem onth,inventorydeclined— thistim eby7% versusJuly— to14,917 listingsbyAugustm onth-end.Thisislargerthan thetypicalseasonaldeclineof3% and is20% lowerthan theAugust-decadeaverageinventorylevel. • O n am onth-over-m onth basisinventorydeclined acros al hom etypes,with townhom esfaling them ostat10%,folowed bydetached hom esand condos,which each fel by6%.Com pared to lastyear,O n ayear-over-yearbasis,inventorywasup acros al hom etypes,led bytownhom es,at 56%,and folowed bydetached hom es(up 25%)and condos(2%). • August’sM O I(m onthsofinventory),at5.9,wasconsistentwith balanced m arketconditions.The detached hom eM O I,at7.9,reflected buyers’m arketconditions,whileconditionsfavourableto selerscharacterized thetownhom eand condosegm entsofthem arket(ataM O Iof3.9 and 4.0, respectively).
THERENNIEADVANCE total listings
AUGUST 202
14,000
+ 25% vsAug2021
12,000
10,000
8,000
9,147 10 yrAugAvg
6,000
7,001
4,000
DETACHED listings
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2,000
- 23% vs10yrAugAvg
﹍ 10yrAugustAverage
● August
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500
+ 56% vsAug2021
2,681 10 yrAugAvg
2,253
TOWNHOME listings
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500
- 16% vs10yrAugAvg
﹍ 10yrAugustAverage
● August
12,000
2% vsAug2021
10,000
8,000
6,000
6,451 10 yrAugAvg
5,231
4,000
CONDO listings
2,000
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
- 19% vs10yrAugAvg
﹍ 10yrAugustAverage
● August
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