Detached sales and prices under pressure, but not everywhere

Detached homes still showed the tightest conditions. March saw 982 detached sales against 1,614 new listings, pushing the sales-to-new-listings ratio to 61% and leaving just over two months of supply, similar to a year earlier.

That picture masked sharp regional differences, from sub‑two‑month supply in the North West, West, South, South East and East districts to more balanced conditions in the City Centre and North, and lingering oversupply in the North East.

The detached benchmark price stood at $741,300 in March, about 3% below last year’s peak, yet quarterly gains were already emerging in the West, City Centre and South. 

Higher‑density segments tip toward buyers

By contrast, higher‑density product continued to absorb the brunt of the adjustment.

Row inventory climbed to 960 units in March, roughly 25% above long‑term trends. Months of supply edged up to nearly three months as first‑quarter row sales fell 19% year over year. The row benchmark price hovered at $423,900, more than 6% below last year.