In December 2025, prices continued to soften with year-over-year declines, reinforcing a buyer-leaning market. Typical December seasonality was further amplified by affordability constraints and cautious buyer sentiment.
Townhomes were the only segment to post month-over-month price growth, perhaps driven by first-time and move-up buyers seeking better value than detached homes with more space than condos. Detached homes showed greater resilience, while condos faced ongoing price pressure from weaker investor demand.
Buyers continued to hold leverage due to elevated inventory, while sellers adjusted with more realistic pricing. Confidence remains fragile amid economic uncertainty, with rate cuts and improved employment expected to be key drivers as the market moves toward the spring selling season.