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WEEKLY VANCOUVER MARKET REPORT
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How many homes for sale of that property type and area that are active. This shows supply.
Last year actives are approximate based on last year weekly numbers on the site.
How many homes of that property type and area that have sold in the previous month. This shows demand.
AVERAGE DAYS TO SALE
The average time from appearing on the Multiple Listing Service until the home is sold. This shows how quickly homes are selling.
AVERAGE PRICE $
The total value of homes sold divided by the number of homes sold in the previous month. This shows what homes are selling for.
MONTH’S SUPPLY: The number of Active divided by the number of Sold homes in the month. This is an expression of supply and demand.
Less than 4.5 months supply indicates a Seller's Market. 4.5 to 9 months supply indicates a Balanced Market. More than 9 months supply indicates a Buyer's Market.
Content contained herein is sourced from the Real Estate Board of Greater Vancouver and provided for informational purposes only. It should not be considered investment advice or a recommendation to purchase or sell real estate. We do not guarantee the accuracy of this information. All decisions are at the sole discretion of the reader.