The latest Market Watch Report provides a comprehensive overview of current real estate trends across residential 🏡, commercial 🏢, and condominium 🏙️ segments. The data reveals shifting patterns in both sales activity and pricing, signaling important considerations for buyers, sellers, and investors.

🏡 Residential Market Overview

Residential transactions showed modest growth on a year-over-year basis (+2.3%). However, on a seasonally adjusted basis, activity slowed (-1.8%) compared to the previous month.

💰 Prices remain under pressure: the average selling price dropped -5.2% YoY and saw a slight -0.3% MoM decline, reflecting affordability challenges and buyer hesitancy.

📈 New supply is rising, with total new listings up +9.4% YoY, while the sales-to-new listings ratio declined -3%, showing softer demand relative to supply.

⏳ The pace of sales slowed: days on market rose +11.4% for properties and +13.8% for listings YoY, indicating buyers are taking longer to make decisions.

🏢 Commercial Real Estate Trends

The commercial sector saw sharper shifts. Overall activity contracted, with leasing volumes down -20.1% and sales down -33.2% compared to last quarter.

Rental rate performance varied across asset classes:

• 🏭 Industrial: -13.6%

• 🛍️ Retail: -16.9%

• 🖥️ Office: +18.7%

This mixed performance reflects evolving tenant demand as businesses adjust to economic conditions and workspace needs.

🏙️ Condominium Sales Market

The condo market cooled significantly. Total condo apartment sales declined -20.9% QoQ, while the average selling price dropped -5.9%.

📊 New supply remained stable (+0.6% new listings), but the sales-to-new listings ratio decreased -7%, showing weaker absorption.

⏱️ Market velocity slowed: days on market jumped +30.8%, with units taking longer to sell.

🏘️ Condominium Rental Market

Unlike condo sales, rentals showed resilience. Total apartment rentals rose +16.6% QoQ, supported by steady tenant demand.

However, pricing softened: average rent for 1-bedroom units fell -5.1%, even as new rental listings climbed +16.5%. 📉 Increased supply is giving renters more choice, putting downward pressure on rents.

✅ Key Takeaways

• 🏡 Residential sales: stable YoY, slight monthly decline.

• 💵 Average home prices: trending downward, with longer selling times.

• 🏢 Commercial sector: mixed results — office strong, industrial & retail weaker.

• 🏙️ Condo sales: cooling, while rental demand rises.

• 🔄 Overall: a transitional real estate market shaped by higher supply, shifting demand, and affordability dynamics.

Stakeholders should monitor these patterns closely as the market continues to evolve into the next quarter.