Another week of more total properties for sale:
More houses hit the market this week than last week, and a lot more than last year. We had a much needed drop in the number of new condo listings compared with last week, but still 70% more condos hit the market this week than back in 2019. We really have two drastically different real estate markets happening, as noted in these charts below:
Supply and demand for houses runs almost parallel. This shows that the buyer demand is so strong, even as the total number of available houses for sale continues to climb.
Condos, on the other hand have a very steady (and low) demand, but a rapidly increasing amount of condos for sale.