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Sales to active ratio:
- Feb 2025 = 30%
- Detached homes = 31%
- Condos = 16%
- Townhomes = 53%
- Higher than last month = 16%
- Higher than Feb 2024 = 22%
- Lower than 5yr Feb average = 41%
- Lower than 10yr Feb average = 36%
- **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- Feb 2025 = 51
- Higher than last month = 27
- Higher than Feb 2024 =36
- Lower than the 5 yr avg = 53
- 4% Lower than 5 yr avg
- Lower than the 10 yr avg = 52
- 2% Lower than 10 yr avg
Inventory:
- Feb 2025 = 169
- Higher than last month =168
- Higher than Feb 2024 = 161
- Higher than the 5 yr avg = 144
- Higher than the 10 yr avg = 162
In a nutshell
The market in February felt reasonably strong, 30% sales to active ratio which is well into a sellers’ market. But it’s right about average for the 5 and 10 year averages, inventory is slightly higher than the average but not by a lot. We are at a tipping point, opposing pressures on sales and prices, including the tariff war, and lowering interest rates.