Single Detached
Months of inventory for single detached homes numbered 3.2 at the end of the first quarter of 2025, down from the 4.7 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 tighter market, homes spent less 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 33 in the first quarter of 2025, down from 43.5 days in the first quarter of 2024.
Apartment
Months of inventory for apartment units numbered 2.6 at the end of the first quarter of 2025, down from the 3.4 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 tighter market, apartment units spent less 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 apartment units was 25 in the first quarter of 2025, down from 32.5 days in the first quarter of 2024.
