Vacant units rose 3.5% QoQ and 19.1% YoY, while units under construction edged up 2.7% QoQ but remain 12.8% below year-ago levels. Asking rent was flat, up just 0.3% QoQ and unchanged YoY, reflecting continued oversupply pressure.

SALES TRENDS

Units sold fell 52.3% QoQ but remained 2.9% above year-ago levels, while average sale price per unit declined 2.1% QoQ and 6.1% YoY, pointing to softening pricing alongside a sharp quarterly pullback in volume.