Market Aligns with Long Term Trends in February

While the market has shifted from recent years, current inventory levels and benchmark prices indicate a more stable environment, consistent with long term trends. Sales have dropped by 35% year-over-year, while new listings have only decreased by 9%, aligning with typical monthly averages. Price trends have reversed from January, with the condo sector showing gains, while other property types saw price declines. The benchmark price has decreased slightly by 3% compared to 2024. Despite these fluctuations, the market is stabilizing and adaptive to long-term trends, offering both buyers and sellers the opportunity to make more informed, strategic decisions in securing the ideal property. Perhaps this is the calm before the hot spring market.