The citywide benchmark price sits at $444,700, up 2.8 percent from a year earlier, and sales are running 6.6 percent above the 10-year average, which together point to steady rather than runaway demand right now.
Waiting for a specific market signal rarely pays off in a tight-supply market like this one, since new listings were up 12.3 percent year over year, meaning more choice is arriving but is being absorbed quickly rather than sitting.
The better question is whether your own financing and down payment are ready, since that determines whether you can act when the right home appears. Get your hand-reviewed valuation from Joel Dyck.