Single Detached
Months of inventory for single detached homes numbered 2.7 at the end of the first quarter of 2025, up from the 1.4 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 13 in the first quarter of 2025, up slightly from 10 days in the first quarter of 2024.
Townhouse
Months of inventory for townhouse and row units numbered 4.5 at the end of the first quarter of 2025, up from the 1.7 months recorded at the end of the first quarter of 2024. This was the highest level of months of inventory ever recorded in a first quarter.
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, townhouse and row 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 townhouse and row units was 20 in the first quarter of 2025, up from 14 days in the first quarter of 2024.
Apartment Units
Months of inventory for apartment units numbered 7.1 at the end of the first quarter of 2025, up from the 3.3 months recorded at the end of the first quarter of 2024. This was the highest level of months of inventory ever recorded in a first quarter.
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, 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 apartment units was 31 in the first quarter of 2025, up slightly from 26.5 days in the first quarter of 2024.
