📈 Market Overview – April 2025
The market continues to show strength, with both listings and sales increasing year-over-year. While some segments are seeing price adjustments, others are trending upward—especially for detached homes and townhouses.
🔹 Total Listings: 4,814 (📈 +8.67% vs. April 2024)
🔹 Total Sales: 1,394 (📈 +10.02%)
🔹 List-to-Sales Ratio: 28.96% (steady)
🔹 Average Days on Market: 72 days (📈 up from 66)
🏡 Detached Homes – Steady Growth and Buyer Interest
New Listings: 1,893 (📈 +9.99%)
Sales: 584 (📈 +17.27%)
Average Price: $1,078,012 (📈 +5.72%)
Median Price: $970,000 (📈 +4.95%)
Average Days to Sell: 61
📌 Insight: Detached homes remain in high demand, with prices remaining fairly stable and more listings creating opportunities for both buyers and sellers. Average price saw a bit of a bump due to few higher price listings selling.
🏢 Condos – Inventory Up, Prices Down Slightly
New Listings: 1,109 (📈 +12.25%)
Sales: 332 (📈 +6.41%)
Average Price: $477,677 (📉 -3.60%)
Median Price: $433,500 (📉 -5.66%)
Average Days to Sell: 65
📌 Insight: While more condos are coming to market and sales are increasing, prices have dipped, creating a potential buying window for investors or first-time homebuyers.
🏘 Townhouses – Solid Demand, Rising Prices
New Listings: 628 (📈 +10.37%)
Sales: 213 (📈 +6.5%)
Average Price: $734,736 (📈 +4.99%)
Median Price: $702,000 (📈 +5.02%)
Average Days to Sell: 60
📌 Insight: Townhomes continue to attract steady buyer interest, with prices trending upward. A great segment for both move-up buyers and downsizers looking for space and value.
💬 What Does This Mean for You?
➡️ Sellers: Increased inventory means more competition, so strategic pricing and marketing are key. Detached homes and townhomes continue to see slight price appreciation.
➡️ Buyers: With more listings available across all major property types, and some softening in condo prices, this could be a great time to secure value before interest in the summer market heats up.
🤝 Let’s Chat About Your Next Move
Whether you're considering buying, selling, or just want to stay on top of the market, I’m here to help with expert insight and proven local knowledge.
250-317-4599-Tyler@tylerzeeman.com
