Downtown demand picked up in the second half of 2025. Median price is up while price per square foot is down, a clear sign that buyers are moving on larger units. The number of days to sell is up, showing buyers are active but still selective. The theme continues: two and three bedrooms are rebounding, while one bedrooms continue to lag.
For buyers: One bedroom condos remain under pressure and negotiation opportunities exist, now is your time to be aggresive. Two and three bedroom units expect firmer pricing, with year over year gains and demand concentrated here, waiting for further softness may not pay off.
For sellers: One bedrooms need to be priced sharply. Buyers have alternatives; large supply and new rental towers being your competition. Two and three bedrooms are in a stronger position. Demand has returned and well-priced units are moving and regaining value.
