We're on the road to a stable market but not quite there yet.
Home sales were up 8% and inventory was down 8% in January 2020 compared to January 2019.
But it's not enough to see price increases yet. Overall, home prices were down 1%.
But those are just averages. There is tons of variation depending on location, type of home, and (most importantly) price.
Lower priced detached houses, and now apartments too, are starting to see some slight price increases. More expensive homes, over $500,000 are oversupplied and prices are continuing to drop.
Check out the blog: https://www.timolynik.com/blog/market-stats-by-type-of-home