General information only — not legal, tax, financial, or real-estate advice. Verify with a licensed BC professional before acting.
Greater Vancouver REALTORS® (GVR, formerly REBGV) publishes a monthly statistics package including Days on Market (DOM). Here's how to interpret it.
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.
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.
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 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).
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).