02/21/2026
It’s time for your monthly stat chat 🤓💬
January was a slow month for sales. But honestly… I’m not shocked. It was freeezing & snowy and the weather basically said, “stay home pls.” Things are already starting to pick up.
It’s also taking longer and longer to sell. This means sellers… patience is important. It’s taking 50 days to sell a condo & 37 days for a house, so even if you’re priced properly, things aren’t flying off the shelf. And this is definitely not the market to “price high and see what happens” bc you’ll end up sitting… and then reducing…and then sitting some more 🙃
Timing matters too. Even in slower markets, Spring continues to be the best time to sell. So if you’re thinking of making a move this year, we should be having those conversations now. Good homes, priced and staged well, are still selling and even selling fast.
Let’s drive into condo specifics. This may come as no surprise but it’s a buyers market!!! Seriously, this is the time to ask for things. Like you want new appliances? Ask. You want the seller to cover your closing costs? Ask. You want the seller to pay your maintenance fees for a year? Ask.
Prices have basically been gradually dropping all year, down 8% from last year (but a bump up from December to Jan). With supply where it is, I’d expect prices to stay fairly steady or soften slightly this year.
Swipe to slide 4 to see exactly what things sold for last month. Here’s something neat… the median sale price for a 1-bedroom downtown was $470,000. Average rent for a one-bedroom downtown? Around $2,400/month. With just 5% down (~24k), your mortgage payment on that $470k condo is about $2,300. That means your mortgage is less than rent!! Yes I’ll say that again, YOUR MORTGAGE IS LESS THAN RENT!!
If you’re renting & planning on staying for a few years, it might be worth running the numbers and seeing if buying makes sense for you. And before you said “there’s nothing in that price range”… there are currently over 100 one-bed listings under $470k downtown. Options really exist, good ones 👀 (send a DM for the list)
If you want to dive deeper into what this means for you, send me message and let’s chat real estate 🙋🏼♀️