New listings are up 12.3 percent from a year ago, which is adding some choice back into a market that has been short on inventory, though supply is still tight at 1.63 months according to the same report.
Tight supply and steady sales together are what is keeping upward pressure on price, rather than any single dramatic event; a market with this little inventory tends to see the benchmark price grind higher rather than swing sharply in one direction.
None of these citywide numbers says what your specific street or house is doing, which is where a hand-reviewed look at your actual comparables matters. Get your hand-reviewed valuation from Joel Dyck.