Single detached
Months of inventory for single detached homes numbered 0.8 at the end of the first quarter of 2025, up slightly from the 0.4 months recorded at the end of the first quarter of 2024.
The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
With a more balanced market, homes spent more time on the market in the first quarter of 2025 than they had a year earlier.
The median number of days on market for sold single detached homes was 19 in the first quarter of 2025, up slightly from 15 days in the first quarter of 2024.
Semi-detached
Months of inventory for semi-detached units numbered 0.5 at the end of the first quarter of 2025, up slightly from the 0.2 months recorded at the end of the first quarter of 2024.
The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
With a more balanced market, semi-detached units spent more time on the market in the first quarter of 2025 than they had a year earlier.
The median number of days on market for sold semi-detached units was 17 in the first quarter of 2025, up slightly from 12 days in the first quarter of 2024.
Condominium townhouse
Months of inventory for condominium townhouse units numbered 0.7 at the end of the first quarter of 2025, up slightly from the 0.3 months recorded at the end of the first quarter of 2024.
The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
With a more balanced market, condominium townhouse units spent more time on the market in the first quarter of 2025 than they had a year earlier.
The median number of days on market for sold condominium townhouse units was 24 in the first quarter of 2025, up from 18 days in the first quarter of 2024.
Condominium apartment
Months of inventory for condominium apartment units numbered 1 at the end of the first quarter of 2025, up slightly from the 0.5 months recorded at the end of the first quarter of 2024.
The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
With a more balanced market, condominium apartment units spent more time on the market in the first quarter of 2025 than they had a year earlier.
The median number of days on market for sold condominium apartment units was 31 in the first quarter of 2025, up from 24 days in the first quarter of 2024.
