Thanks to Gadwin who sent this info in: The FVREB statistics package for May 2008 has been released, you can get the PDF here. With the huge listings increase we’ve seen in Vancouver you’d expect the Fraser Valley to see a fair increase in inventory as well right?
Nope. Total FVREB listings for April 2008 was 11,111. At the end of May that grew to a total of 11,133. Thats a total monthly inventory increase of only 22 listings and a big difference from the monthly increase of over 2000 units in Greater Vancouver. They must be selling like hotcakes out in the Fraser Valley!
…well not exactly.
Apparently they just changed the way the total inventory is counted. Its all explained in this small footnote found at the bottom of page 3 of the above linked PDF:
Footnote: * As of May 2008, an adjustment was made to our active listings calculation to ensure it captures only Fraser Valley listings. Previous calculations inadvertantly included Fraser Valley member listings in other Board jurisdictions. As active listings are a constantly moving target, we are unable to generate revised active listings for previous reporting periods.
Too bad their system doesn’t keep track of historical active listings data, that would make the revision of the old numbers a snap. I guess we’ll only have apples to apples comparison for Fraser Valley inventory going forward.