It really isn't all terrible, qualified buyers should be getting out and seriously looking, NOW! Waiting for the 'bottom to hit' will mean you have missed your chances and the bandwagon will be full. Some key points being observed with these numbers is that:
- There is currently 7.2 Months of Inventory with only 13.7% of actives that have sold..this a mix of a balanced & a buyer’s market for the start of the 2026 Spring market. A note about semi-detached: there were only a few sales averaging around the $690,000 price point for March with zero sales in April. They are falling in line between the townhouses and the detached homes.
- January-to-April 2026 compared to the same period in 2025 gives us some added information: the number of sales were down 25%; the Detached home prices were down 2.2%; and the Townhouse prices were down and whopping 9.2%.
- Considering 2025 Absorption Rate of 54.25 units/mth, we can see this past March's number of sales were down by 7.8% and April's number of sales were down approximately 13%. On the brighter side, the number of sales have been increasing month-over-month.
Overall, we are seeing more showings happening on listings over the past few weeks, moreso than we have had in recent months. Along with this, the interest rates holding should give some stability to those who are wanting to get into home ownership or real estate investment. Keep a level head about things, get someone on your side who can guide you correctly through the process and yes, get moving before that balanced/buyer market flips back into a Seller market. Historically, the real estate market tends to spend more time in a Seller-Balanced, than a Balanced-Buyer market.