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June 2025 showed us a market that is stabilizing and offering more opportunities for buyers. While year-over-year sales saw a slight dip, month-over-month activity actually increased on a seasonally adjusted basis, signaling underlying resilience.
📊 The Big Picture: GTA Market Stats
- Average Sold Price: $1,101,691 (Year-Over-Year: Down 5.4%)
- Total Sales: 6,243 (Year-Over-Year: Down 2.4%)
- New Listings: 19,839 (Year-Over-Year: Up 7.7%)
- Days on Market (LRL): 26 Days (Compared to 20 days last year)
🔍 Key Market Trends
1. Buyers Have More Choice This is the key takeaway for June: New listings are up by 7.7% compared to last year. With nearly 20,000 new homes hitting the market, buyers finally have the inventory they need to be selective, rather than settling.
2. Affordability is Improving The average selling price dropped by 5.4% year-over-year to just over $1.1 million. Combined with lower borrowing costs compared to last year, homeownership is becoming a more attainable goal for many households.+1
3. Month-Over-Month Momentum It’s important to look beyond the annual comparison. On a seasonally adjusted basis, home sales actually increased from May to June. This indicates that despite economic uncertainty, serious buyers are still active and transacting.
📝 The Bottom Line
- For Buyers: You are in the driver’s seat. With inventory up and prices down 5%, you have the leverage to negotiate discounts off the asking price.
- For Sellers: Competition is rising. With supply increasing, your home needs to stand out. Pricing strategy is critical—homes are taking about a week longer to sell than they did last year.
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