Sales volume compared to February 2024 decreased about 11.7% and for the month was 28.9% below the 10-year seasonal average.
The total number of listings available today is 32.3% higher than February 2024 and 36.4% above the 10-year seasonal average.
Pricing changes compared to January 2025:
- Overall: -0.3%
- Detached: Virtually Unchanged
- Apartments: -0.1%
- Attached: -1.7%
Sales-to-Active Ratio:
- Overall: 14.8%, a 0.7% increase from January 2025.
- Detached: 10.7% (+1.5%)
- Attached: 18.5% (Unchanged)
- Condominiums: 16.8% (+0.3%)
Analysts say that downward pressure on home prices occurs when the ratio dips below the 12% mark for a sustained period, while home prices often experience upward pressure when it surpasses 20% over several months.