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Board Stats · GVR

GVR Days on Market — What it means & where to find it

Greater Vancouver REALTORS® benchmark explained

Greater Vancouver REALTORS® (GVR, formerly REBGV) publishes a monthly statistics package including Days on Market (DOM). Here's how to interpret it.

What GVR DOM measures

The median number of days a sold property spent listed on GVR's MLS® system before its accepted offer. Reported by property type (detached, attached, apartment) and by area.

Where GVR publishes it

GVR's monthly Statistics Package (public PDF) — released the second business day of each month. Available via GVR's public news feed at gvrealtors.ca.

How to interpret DOM trends

Rising DOM (month-over-month) typically signals softening demand or growing inventory. Falling DOM signals tightening market. Compare year-over-year for the same month to remove seasonal noise.

DOM ≠ time-to-list-price

DOM measures list-to-accepted-offer time. It does NOT measure whether the accepted price was above or below list. For that see the sales-price-to-list-price ratio (also in GVR's Statistics Package).

GVR's coverage area

Vancouver, Burnaby, Coquitlam, Delta, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, West Vancouver, Whistler. NOT: Fraser Valley (FVREB) or Vancouver Island (VIREB).

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Educational information only — not legal, tax, financial, or real-estate advice. Doug LeMaire, REALTOR® · BCFSA #167790 · Fraser Property Management Realty Services Ltd. Not intended to solicit or induce an agreement already in place.
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