by 
May 2025 delivered a clear message: Affordability is improving, and buyers have more leverage than they’ve seen in some time. With inventory levels rising significantly, the “frenzy” has been replaced by a market that favors patience and negotiation.
📊 The Big Picture: GTA Market Stats
- Average Sold Price: $1,120,848 (Year-Over-Year: Down 6.3%)
- Total Sales: 6,218 (Year-Over-Year: Down 16.4%)
- New Listings: 17,556 (Year-Over-Year: Up 16.6%)
- Days on Market (LRL): 23 Days (Compared to 15 days last year)
🔍 Key Market Trends
1. The “Double-Digit” Shift This is the most critical trend of the month: Sales are down 16.4%, while New Listings are up 16.6%. This rapid divergence means supply is outpacing demand, quickly dissolving any remaining “sellers’ market” conditions and giving buyers the upper hand.
2. Affordability Improves The average selling price dropped by 6.3% compared to last year. For buyers who felt priced out in 2024, this correction, combined with a wider selection of homes, makes entry more attractive.
3. Negotiation Power Returns With homes sitting on the market longer (23 days vs 15 days) and inventory piling up, sellers are more willing to negotiate. The days of unconditional offers are fading; buyers can now confidently include inspection and financing conditions.
📝 The Bottom Line
- For Buyers: The scales have tipped in your favor. With inventory up 16% and prices down 6%, you can take your time to find the perfect home without the pressure of a bidding war.
- For Sellers: The competition is fierce. With nearly 18,000 new listings this month, your home must be priced accurately from day one. Overpricing in this market will result in your listing sitting stale.
Join The Discussion