One simple but interesting statistic is the ratio of homes listed to the actual number of homes selling. This gives us the number of months worth of supply on the market. You could call this the absorption rate. In other words if 100 homes are listed at any one time and 25 homes sell in the last 30 days you could say that there is 4 months worth of product on the market. By comparing different areas and home types (attached vs detached) one can determine the relative "health" of the market in the various areas. It's even more interesting to look at the number of homes listed in the past 60 days that have actually sold. In the following tables I show these numbers for Coquitlam, Port Coquitlam and Port Moody.

 

The following table shows the overall number of homes listed, sold and the number of months supply on the market for each area:

 

 

Attached Homes (Aug 27, 2010 to Oct 27, 2010)

Area	Homes listed	Homes Sold	Number of Months Supply on Market
Coquitlam	465	123	7.6
Port Coquitlam	249	66	7.54
Port Moody	242	54	9

 

 

 

When you look at the number of months worth of supply you can see that detached homes in Coquitlam are selling faster than homes in Port Coquitlam and Port Moody. The market for attached homes looks to be similar in all 3 areas.

 

A different picture emerges when you look at homes that were listed only in the last 60 days count the number of those homes that have sold. In other words, homes that were listed prior to 60 days ago are not counted.

 

The following table shows the figures:

 

Attached Homes (Aug 27, 2010 to Oct 27, 2010)

Area	Homes listed	Homes sold	Number of Months Supply on Market
Coquitlam	265	48	11
Port Coquitlam	133	22	12
Port Moody	136	11	25

 

Detached Homes (Aug 27, 2010 to Oct 27, 2010)

Area	Homes listed	Homes sold	Number of Months Supply on Market
Coquitlam	220	65	6.8
Port Coquitlam	96	16	12
Port Moody	49	12	8.2

 

The tables above show that sellers listed in the last 60 days are not realistically priced. Look at Port Moody attached properties. with 25 month's supply on the market, sellers have an uphill battle. The table also shows that the market for Coquitlam detached homes is relatively healthier that Port Moody and Port Coquitlam.