Metrotown MLS HPI (Home Price Index)
Home Price Index is modelled on the Consumer Price Index which measures the rate of price change for a basket of goods and services.
Metrotown Median Sales Price
Median means "in the middle". So, this means exactly half of homes listed are above this sale price and exactly half are below.
Metrotown Median % of Original Price
Exactly half of homes listed are above this percentage of settled price against the original price and exactly half are below.
Metrotown Average Listing to Contract Days
A measure on how long the property listed before signing a sale contract
Metrotown Median Price per Square Feet
Median Sales Price divided by the property living area in square feet
Metrotown Sales to Actives Ratio
Measures supply and demand by looking at the total supply of homes for sale compared to sales during the month.