highlights • Therewere20,736activeM LS listingslastm onth,which wasup 4% m onth-over-m onth,46% year-over-year,and 21% abovetheprior10-yearJuneaverage(of17,187 listings).Thiswasthe highestlevelin anym onth sinceJuly2019 (21,109)and thehighestlevelforthem onth ofJune since2019(21,654). • Inventorywasfurthestabovethepast10-yearJuneaverageforcondos(+34% to8,004),folowed bytownhom es(+19% to2,912)and detached hom es(+8% to8,976). • Theoveral m arketwasconsidered balanced with 5.7 m onthsofinventory(M O I),up from 4.8 in M ay.Thetownhom eand condosegm entscontinued tofavourselerswith M OIsof4.1and 4.9, respectively,w hilethedetached m arketw asbalanced w ith an M O Iof7.8.
VANCOUVERREGION THERENNIEADVANCE inventory
JUNE 2024
14,000
+ 36% vsJun 2023
12,000
10,000
8,000
8,976
8,305 10 yrJun Avg
6,000
4,000
DETACHED inventory
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2,000
+ 8% vs10yrJun Avg
﹍ 10yrJuneAverage
● June
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500
+ 58% vsJun 2023
2,912
2,439 10 yrJun Avg
TOWNHOME inventory
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500
+ 19% vs10yrJun Avg
﹍ 10yrJuneAverage
● June
12,000
+ 54% vsJun 2023
10,000
8,000
8,004
6,000
5,960 10 yrJun Avg
4,000
CONDO inventory
2,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 34% vs10yrJun Avg
﹍ 10yrJuneAverage
● June
Copyright© July3,2024renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofJuly3,2024.Aldatafrom RealEstateBoardof GreaterVancouverand FraserValey& Ren ie.W hiletheinform ationand datacontained hereinhasbe nobtained from sourcesde m ed reliable,ac uracycannotbeguarante d.ren iegroup ofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipient oftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained from arennieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
5
Made with FlippingBook - professional solution for displaying marketing and sales documents online