Vacant units rose 4.4% QoQ and 1.6% YoY, while units under construction fell 13.8% QoQ and 20.5% YoY, signaling easing supply pressure ahead. Asking rent held nearly flat, up just 0.15% QoQ and 1.01% YoY.

SALES TRENDS

Units sold fell 45.4% QoQ but remained 28.3% above year-ago levels, while average sale price per unit declined 10.7% QoQ yet held 9.2% higher YoY, reflecting a slower quarter against a broadly stronger annual trend.