highlights • Inventory remained constrained in the Vancouver Region in March, with the 13,587 total listings sitting 28% lower than the past-decade average, and 13% belowMarch of last year. Detached inventory was down 13%, townhome inventory was down 29%, and condo inventory was down 9% versus last year. • With all this being said, total inventory rose 9% on a month-over-month basis in March 2021, the highest such increase since June 2020. In looking at home types, detached listings rose 24% and townhome listings rose 10%, while condo inventory actually decreased by 6%. • The sales-to-listings (S-L) ratio rose to its second-highest level on record in March 2021, with the 65% indicating seller’s market conditions. This was consistent across all segments of the market as detached homes had an S-L ratio of 56%, townhomes 97%, and condos 66%.
total listings THE RENNIE ADVANCE
MARCH 2021
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DETACHED listings
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TOWNHOME listings
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Copyright © 2021 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 April 5, 2021. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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