Market Stats for New Westminster

Direct link to REBGV Monthly Market Report  

 

Sale prices over the last three years

 

Average Days on the Market over the last three years

Total number of sales over the last three years

Total Inventory over the last three years

Market stats

We use a variety of statistics to measure market conditions:

          • Sales represent the number of homes transacted through the Multiple Listing Service® (MLS®) in one month.
          • Active Listings represent the total number of homes currently listed for sale on the MLS®.
          • New Listings represent the total number of listings added to the MLS® in a month.
          • Sales-to-active listings ratio measures supply and demand by looking at the total supply of homes for sale compared to sales during the month.
          • Sellers’, buyers’ and balanced markets are terms that describe whether the market is putting upward, downward, or no pressure on home prices. Sellers’ markets typically occur when the sales-to-active listings ratio dips below the 12 per cent mark, while buyers’ markets tend to occur when it surpasses 20 per cent for sustained periods.
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.