Buyers should watch new listings volume, up 12.3 percent year over year in the same release, because more choice arriving each month can shift leverage even while supply stays tight overall, and a buyer who tracks that trend times an offer better than one reacting to a single listing in isolation.
Sellers should watch pricing accuracy above everything else. A home priced from real comparable sales and a hand-reviewed accounting of its actual improvements sells on its own merits regardless of which way the broader market is leaning that month.
Both sides benefit from watching the trend, not just the headline number for one month. Get your hand-reviewed valuation from Joel Dyck.