MARCH 2025 URBANATION REPORT: CONDOS

Condo inventory reached a record high for March, but the picture isn’t all bearish.

While average prices declined, sales of entry-level condos under $500K jumped 40%, signaling that affordability is drawing buyers back into the market.

Market conditions are still tilted toward buyers.

However, this increase in activity at the lower price points shows that some are seizing the opportunity while others wait for more clarity.

Stay tuned for trusted condo updates to help you stay ahead.