Source: Starit Times

An upward trend in resale prices for condos for 21 consecutive months would suggest a strong demand for condominiums and a healthy housing market. Factors such as low interest rates, population growth, and job market can affect the housing market. Additionally, an increase in resale prices for condos for 21 consecutive months could indicate a lack of available inventory, which could drive prices up as buyers compete for the limited number of units available.