"A market made for buyers is missing buyers."
*Sales volume compared to March 2024 decreased about 11.4% and for the month was 36.8% below the 10-year seasonal average.
*The total number of listings available today is 37.9% higher than March 2024 and 44.9% above the 10-year seasonal average.
*Pricing changes compared to February 2025:
- Overall: +0.5%
- Detached: +0.4%
- Apartments: +1.0%
- Attached: +0.2%
*Sales-to-Active Ratio:
- Overall: 14.0%, a 0.1% increase from February 2025.
- Detached: 10.3% (-0.4%)
- Attached: 21.5% (+3.0%)
- Condominiums: 16.2% (-0.6%)
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.
For real estate related questions, please contact a Trusted Real Estate Advisor, Eva Li. www.EvaLi.ca
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