Real Estate Statistics: March 2025
The March 2025 real estate statistics indicate both sales and active listings are up as we close out the 3rd month of the year. The 13% increase in inventory levels appears to be offsetting the 14.6% rise in sales. This means we still have a long ways to go before sales outpace inventory and we start trend back to a balanced market. In March:
-Detached Homes saw 149 sales, 1,359 active listings, and an average price of $1,046,800.
-Condos saw just 92 sales, 803 active listings, and an average price of $504,500.
-Townhomes saw 61 sales, 423 active listings, and an average price of $750,600.
It is important to note these stats are a year over year comparison meaning March 2025 is compared to March 2024 – a slow point in the market with peak interest rates. Despite this, it appears demand is starting to return even though consumer confidence is being tested by the economic uncertainty with the threat of tariffs.
Buying or selling in 2025?
Contact David Jurome Personal Real Estate Corporation or Jaxon Jurome Personal Real Estate Corporation at Jurome Real Estate Group – Macdonald Realty Interior: 250-300-0375.
📊 Stats provided by the Association of Interior Realtors.