Supply is the tighter half of that picture. Months of supply sits at 1.63, computed from active listings after conditionally sold units are removed, which is a seller-favouring number even as new listings climbed 12.3 percent year over year and gave buyers more to choose from.
Rising new listings alongside a low months-of-supply figure usually means demand is absorbing new inventory about as fast as it arrives, rather than supply building up the way it would in a slowing market.
What that means for any one sale still depends on the specific property and street, which Joel Dyck can price against real recent comparables. Get your hand-reviewed valuation from Joel Dyck.