Unveiling February 2025: A Vibrant Real Estate Market and Key Insights for Agents
The real estate market in February 2025 experienced significant changes compared to February 2024. Overall, sales increased, while the number of active listings declined. Discover the key trends below.
Source: APCIQ Monthly Statistics – February 2025
Total Sales on the Rise
The total number of sales increased by 11%, rising from 7,647 transactions in February 2024 to 8,490 in February 2025. This growth reflects a dynamic market with heightened buyer interest.
Slight Increase in New Listings
New listings saw a slight increase of 2%, reaching 12,843 in February 2025 compared to 12,573 in the previous year. This suggests that sellers are approaching the market with caution.
Breakdown by Property Type
Single-Family Homes
- Sales: Up 11%, with 5,488 transactions in 2025.
- Active Listings: Decreased by 5%, indicating potentially higher demand.
- Median Price: Increased by 11%, reaching $485,000 in 2025.
- Average Selling Time: Reduced by 3 days.
Condominiums
- Sales: Increased by 8%, with 2,251 transactions in 2025.
- Active Listings: Remained stable compared to February 2024.
- Median Price: Increased by 7%, reaching $389,000.
- Average Selling Time: Reduced by 3 days, reflecting strong demand.
Plexes (2-5 Units)
- Sales: Strong 21% increase, with 730 transactions in 2025.
- Active Listings: Significantly reduced by 17%, indicating intense competition for these properties.
- Median Price: Increased by 19%, reaching $625,000.
- Average Selling Time: Increased by 7 days, which remains relatively fast given the demand.
Conclusion
February 2025 reflects a thriving real estate market, with rising sales and median prices despite a decline in active listings. This trend benefits sellers but requires buyers to act quickly to seize available opportunities. Given these conditions, if you are considering purchasing a property, seeking assistance from a real estate broker is highly recommended.
