49 condo sales in February. Up from 32 in January and ahead of last February's 37. That looks like the one segment gaining traction. It isn't.

Those sales took 39 days on average. Buyers booked showings, compared units, waited for price adjustments, then acted when the number finally dropped far enough. That's not demand building. That's buyers with leverage using it.

152 new listings came on. 49 sold. The rest joined everything already sitting from previous months. If you're a condo owner thinking about listing, your unit isn't competing with this month's new supply. It's competing with months of accumulated inventory that buyers have already seen and passed on.

Average condo price came in at $663,710. Last February it was $727,439. Many condo owners in Oakville bought at higher prices than what the market will return today. Selling means absorbing a loss. That's a real problem with no simple answer. But listing above what buyers will pay doesn't solve it. It just adds months.

January's slower activity forced some sellers to adjust. Those who did found buyers in February. Those who didn't are still sitting. The difference wasn't unit quality or location. It was pricing.

Spring typically brings more new condo listings starting mid March. More supply entering a market where buyers are already patient and selective gives them another reason to wait instead of act.

If you're considering selling your condo in Oakville, February's message is straightforward. Buyers came back. But they came back on their terms, at their price, after making sellers wait. That dynamic isn't changing anytime soon.