About Market Statistics
It’s our pleasure to provide you with the most comprehensive view of Port Moody Market Statistics available today. Interpreting these charts is not difficult, but it might take a few minutes of study the first time you look.
MLS® HPI Price: Indicates the current sale price of a “representative” house, condo or townhouse. The exact number isn’t what’s important here – look at the trends to assess how the market is moving relative to the past three years.
Average Listing to Contract Days: The number of days that the average home is on the market before it has an accepted offer. This chart contrasts the “days required to sell” for the past month with the same month the year prior, and the year before that. Use it to see if the market is unusually strong or weak compared to previous years.
Sales: the number of houses, condos or townhouses sold each month of the past 3 years. The stronger the market, the greater the number of sales!
Sales to Active Ratio: This ratio is widely used by industry insiders to quantify the strength of the market. It represents the percentage of the available inventory that is sold each month. Generally speaking, a ratio of below 0.12 indicates a slow market (“a buyer’s market”), while a ratio of over 0.20 indicates a hot market (“a seller’s market”), with many more buyers than sellers and intense competition for properties. A ratio between 0.12 and 0.20 reflects a “balanced” market, where the number of sellers and the number of buyers are roughly balanced.
Find more in depth reports below.
