CONDO MARKET The condo market tells a different story — and an important one.
In 2025, condominiums became more price- sensitive and buyer-driven compared to 2024. While headline prices rose 2.3% , leverage shifted meaningfully toward buyers. Inventory averaged 3.17 months , homes sold in 52 days, and sellers received just over 100% of asking price.
Well-located, well-run buildings with strong owner-occupancy continued to perform. Investor-heavy, higher-density product required sharper pricing and patience.
Condominiums are no longer a timing trade. They are a selection trade.
In 2025, higher sales volume and tightening inventory pushed prices modestly higher while homes sold faster, indicating a healthier and more competitive market than 2024.
This is not weakness. It’s normalization.
2025
TOTAL SALES UNITS
VS 2024
YOY CHANGE
2,638
2,235
↑18.0%
MEDIAN $ (M) $1,130
$1,105
↑2.3%
AVG $ / SF $1,023
$1,011
↑1.2%
DAYS ON MARKET 52
56
↓0.3%
LIST PRICE / SALE PRICE 100.3 MONTH SUPPLY (MSI) 3.17
100.21
↑0.09%
3.91
↓18.9%
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