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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.
The average time from appearing on the Multiple Listing Service until the home is sold. This shows how quickly homes are selling.
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.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.
