Market Conditions by Property Type
Detached and Townhouses: These segments remain in a seller's market with lower inventory and tighter supply, keeping prices relatively resilient.
Apartment Condos: The condo apartment sector has shifted into more balanced conditions, giving buyers increased negotiating power after some price softening.
Days on Market: Homes average around 40 to 43 days on the market depending on the neighborhood and property category.
Key Factors
Inventory: Active listings have stabilized slightly, providing modest relief compared to extreme lows from previous peak years.
Affordability: Elevated mortgage rates compared to historic lows continue to constrain overall buyer purchasing power.
If you'd like, let me know:
Are you looking to buy or sell?
Which property type (detached, townhouse, condo) are you interested in?
Do you have a specific neighborhood in mind?
I can provide more tailored insights or current listings.
Give me a call at 403-703-5548
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