Single detached
Months of inventory for single detached homes numbered 0.9 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 17 in the first quarter of 2025, up slightly from 13 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 14 in the first quarter of 2025, up slightly from 10 days in the first quarter of 2024.
Condominium townhouse
Months of inventory for condominium townhouse units numbered 0.8 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 25 in the first quarter of 2025, up slightly from 20 days in the first quarter of 2024.
Condominium apartment
Months of inventory for condominium apartment units numbered 1.2 at the end of the first quarter of 2025, up from the 0.6 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 29 in the first quarter of 2025, up slightly from 25 days in the first quarter of 2024.
