04/08/2026
🏡 Market Update for March 2026 🏡
🤔 Buyers and sellers adopting a wait-and-see approach to housing market.
Year-to-date, sales are tracking our forecast for the year closely, and the weakness in demand we continue to observe at the aggregate level is unsurprising. What’s interesting is that the aggregate total masks an emerging divergence among market segments. While the multifamily segment continues to see slower sales, the detached segment may be awakening with sales up, and new listings down from last year”, Andrew Lis said.
💰 Residential sales in the region totalled:
⬇️ 2,032 in March 2026, a 2.8% decrease from the 2,091 sales recorded in March 2025.
⬇️ 31.8% below the 10-year seasonal average (2,981).
“We continue to see fewer sellers stepping into the market than last year, which is keeping inventory levels relatively flat. Pairing this dynamic with sales remaining below long-term averages, we’re not seeing prices move significantly in either direction,” Lis said. “And while the political uncertainty over tariffs may have diminished relative to what we saw in early 2025, the conflict in the middle east is now putting upward pressure on bond yields and fixed mortgage ratess.“
👉 Swipe for more updates!
📲 Need help navigating the real estate market? Contact me today and let’s discuss the best strategies to buy and sell!
