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Sales to active ratio:
- Feb 2025 = 15%
- Detached homes = 6%
- Condos = 26%
- Townhomes = 11%
- Higher than last month = 13%
- Lower than Feb 2024 = 18%
- Lower than 5yr Feb average = 29%
- Lower than 10yr Feb average = 28%
- **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- Feb 2025 = 40
- Higher than as last month = 34
- Lower than Feb 2024 = 44
- Lower than 5yr avg = 52
- 23% Lower than 5yr avg
- Lower than 10yr avg = 55
- 27% Lower than 10yr avg
Inventory:
- Feb 2025 = 271
- Higher than last month =256
- Higher than Feb 2024 = 244
- Higher than the 5yr avg = 222
- Higher than the 10yr avg = 239
In a nutshell
The market in February was slower than usual. Lower sales than the 5 and 10 year averages and inventory is higher than the average. We are at a tipping point, opposing pressures on sales and prices, including the tariff war, and lowering interest rates.